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QUESTION
Mozart Partnership maintains its accounting records on a cash basis. During 2017, Mozart collected $52892 from its customers and paid $46704 in...
Mozart Partnership maintains its accounting records on a cash basis. During 2017, Mozart collected $52892 from its customers and paid $46704 in expenses. Accounts Receivable were $4838 on January 1 and $5770 on December 31. Prepaid Rent was $3020 on January 1 and $1399 on December 31. What is the amount of accrual basis expenses for 2017?
