(Answered) Vickelly company uses cash basis accounting at the end of

Accounting

Vickelly Company uses cash basis accounting. At the end of the current year, Vickelly's checkbook shows cash receipts from customers of $112,000 and cash payments for operating expenses of $48,000 for the year. At the end of the year, Vickelly determined that customers owed it $12,000 and it owed creditors $10,000. Compute Vickelly's sales revenue and operating expenses on an accrual basis.

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