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Compute service revenue

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Problem 1: Martinez Company had cash receipts from customers in 2020 of $155,280. Cash payments for operating expenses were $105,120. Martinez has determined that at January 1, accounts receivable was $13,700, and prepaid expenses were $20,010. At December 31, accounts receivable was $21,730, and prepaid expenses were $27,280. Compute (a) service revenue and (b) operating expenses.

Reference no: EM132480565

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