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LaBouche Company had cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses...

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, accounts receivable was $13,000, and prepaid expenses were $17,500. At December 31, accounts receivable was $18,600, and prepaid expenses were $23,100. The operating expenses on the accrual basis are:

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ekkarill92 answered 2 years ago
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