The following information was obtained from the incomplete records of Ethel Corporation related to operating expenses: December 31, 2019 December 31, 2020 Total payments made 670,000 Total operating expenses 690,000 Prepaid operating expenses 120,000 ? Accrued operating expenses 230,000 190,000 What is the balance of the Prepaid Operating Expenses account on December 31, 2020?
The following information was obtained from the incomplete records of Ethel Corporation related to operating expenses:
December 31, 2019 December 31, 2020
Total payments made 670,000
Total operating expenses 690,000
Prepaid operating expenses 120,000 ?
Accrued operating expenses 230,000 190,000
What is the balance of the Prepaid Operating Expenses account on December 31, 2020?
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