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Calculate the operating expenses for oriole corp

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Oriole Corp. had cash receipts from customers in 2020 of $275,000. Cash payments for operating expenses were $174,500. Oriole has determined that at January 1, accounts receivable were $24,000 and prepaid expenses were $30,800. At December 31, accounts receivable were $31,800 and prepaid expenses were $40,200.

Problem 1: Calculate (a) the service revenue and (b) the operating expenses.

Reference no: EM132684758

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