Business, 10.10.2019 05:30 mixcolin0002

Service revenue for the year = $80,000. of this amount, $70,000 is collected during the year and $10,000 is expected to be collected next year. salaries expense for the year = $40,000. of this amount, $35,000 is paid during the year and $5,000 is expected to be paid next year. advertising expense for the year = $10,000. all of this amount is paid during the year. supplies expense for the year = $4,000. no supplies were purchased during the year. utilities expense for the year = $12,000. of this amount, $11,000 is paid during the year and $1,000 is expected to be paid next year. cash collected in advance from customers for services to be provided next year (deferred revenue) = $2,000. required: calculate operating cash flows. (list cash outflows as negative amounts.)

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Service revenue for the year = $80,000. of this amount, $70,000 is collected during the year and $10...

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