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Ann opened an Office Cleaning Service company on January 1 , 2 0 2 0 . During 2 0 2 0 she had the following

Ann opened an Office Cleaning Service company on January 1,2020. During 2020
she had the following transactions.
(1) She started the business with investing $30,000 of her own money (business was
organized as corporation)
(2) She borrowed $40,000 from bank by issuing a 5-year note.
(3) She purchased $15,000 of furniture and equipment in cash.
(4) She purchased a truck for business use at $20,000 in cash.
(5) During the year, provided $85,000 services to customers of which $71,000 was
collected, the rest was not yet collected as of Dec. 31 st.
(6) During the year, she incurred $58,000 of salaries expense of which $2000 was
still not paid as of Dec. 31st.
(7) During the year, she paid $3000 interest on the note to the Bank
(8) During the year, she took $3,000 as dividend.
(9) During the year, she collected $150 interest from bank on company account
(10) During the year, purchased $2000 of supplies in cash. $500 of the supplies was
left as of Dec. 31st.
(11) During the last week of the year, she sold $500 of unnecessary equipment in
cash at cost.
(12) During the last week of the year, she collected $3000 from a customer for
services to be rendered next year.
(13) Depreciation on equipment for year was estimated to be $2000.
(14) During the year, she paid $12000 of rent.
(15) During the year, company paid $3000 to IRS for income tax expense.
Compute Ann's total revenues for the year.
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