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Business, 17.09.2019 21:00 dylan2741

Yr 1 yr 2amounts billed to clients for services rendered $184,000 $234,000cash collected from clients153,000 183,000cash disbursements: salaries paid to employees for services rendered during the year83,000 93,000utilities26,500 33,000purchase of insurance policy57,900 0required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.

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