Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Subject:ACCT335 Please solve faster i just want the correct option with out detailed answer please solve faster thanks Linda Amanadel LaBouche Company had cash receipts

image text in transcribed

Subject:ACCT335 Please solve faster i just want the correct option with out detailed answer please solve faster thanks Linda Amanadel

LaBouche Company had cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. Kelly has determined that at January 1, uneared service revenues was $13,000, and prepaid expenses were $17,500. At December 31, uneared service revenues was $18,600, and prepaid expenses were $23.100. The service revenues on cash basis is: Select one: O a. $136,400 O b. $147,600 O c. $155.000 d. $142,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions