In its first year of operations, Cullumber Company recognized $33,700 in service revenue, $6,700 of which was on account and still outstandi

Question

In its first year of operations, Cullumber Company recognized $33,700 in service revenue, $6,700 of which was on account and still outstanding at year-end. The remaining $27,000 was received in cash from customers.

The company incurred operating expenses of $17,100. Of these expenses, $13,300 were paid in cash; $3,800 was still owed on account at year-end. In addition, Cullumber prepaid $2,730 for insurance coverage that wou

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Luna 3 weeks 2021-11-08T16:32:18+00:00 1 Answer 0 views 0

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    2021-11-08T16:34:08+00:00

    Step-by-step explanation:

    $6221

    hope this helped owo

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