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Kelly Company had cash receipts from customers in 2014 of $150,220. Cash payments for operating expenses were $97,860. Kelly has determined that at January 1, accounts receivable was $13,810, and prepaid expenses were $18,340. At December 31, accounts receivable was $18,980, and prepaid expenses were $24,990. Compute (a) service revenue and (b) operating expenses.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91524474

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