TB MC Qu. 02-44 Rushmore Company provided services... Rushmore Company provided services for $34,500 cash during the Year 1. Rushmore incurred $25,000 of operating expenses on account during Year 1, and by the end of the year, $9,500 of that amount had been paid with cash. If these are the only accounting events that affected Rushmore during Year 1, which of the following statements is true? TB MC Qu. 02-44 Rushmore Company provided services... Rushmore Company provided services for $34,500 cash during the Year 1. Rushmore incurred $25,000 of operating expenses on account during Year 1, and by the end of the year, $9,500 of that amount had been paid with cash. If these are the only accounting events that affected Rushmore during Year 1, which of the following statements is true