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Kieso, Intermediate Accounting, 16e
Assignment Gradebook ORION
EXTERNAL REPORTING 1/11 (ACC 340
CALCULATOR
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Question 8
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Ayayai Company had cash receipts from customers in 2017 of $134,580. Cash payments for operating expenses were $79,710. Ayayai has determined that at January 1, accounts receivable was $15,280, and
prepaid expenses were $16,020. At December 31, accounts receivable was $16,600, and prepaid expenses were $24,780. Compute (a) service revenue and (b) operating expenses.
(a) Service Revenue
(b) Operating Expenses
135320
70950
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