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1.Compute cash collected from customers: 

2. Compute cash paid for rent: 

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Provence Inc. has the following select balance sheet accounts at the end of the current and prior year.
Please note the labels on the columns (current year is first). ——— change
Currentssets —— cash $224,250
Accounts Receivable $46,920
Prepaid Rent $2,415 Current Liabilities _—
Utilities payable $3,300
Unearned revenue $20,700
Notes Payable $175,950 In the current year, Provence reported these balances on the income statement (and others as well, of course).
$520,000 of Sales Revenue
$186,000 of Rent expense
$32,000 of Utility expense

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