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Your answer is incorrect. Skysong Company had cash receipts from customers in 2020 of $146,950. Cash payments for operating expenses were $106,090. Skysong has
Your answer is incorrect. Skysong Company had cash receipts from customers in 2020 of $146,950. Cash payments for operating expenses were $106,090. Skysong has determined that at January 1, accounts receivable was $14,370, and prepaid expenses were $20,610. At December 31, accounts receivable was $15,870, and prepaid expenses were $23,860. Compute (a) service revenue and (b) operating expenses. (a) Service Revenue (b) Operating Expenses A `148450 17360
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