Question
Bailey Marie, Corp. December 31, 2019 Account Debit Credit Cash $20,000 Accounts Receivable 4,000 Prepaid Rent 4,800 Equipment 82,100 Buildings 200,000 Accounts Payable $9,500 Deferred
Bailey Marie, Corp.
December 31, 2019
| Account | Debit | Credit |
| Cash | $20,000 | |
| Accounts Receivable | 4,000 | |
| Prepaid Rent | 4,800 | |
| Equipment | 82,100 | |
| Buildings | 200,000 | |
| Accounts Payable | $9,500 | |
| Deferred Revenue | 3,400 | |
| Common Stock | 145,000 | |
| Retained Earnings | 50,200 | |
| Dividends | 11,300 | |
| Service Revenue | 250,000 | |
| Salaries Expense | 91,000 | |
| Advertising Expense | 14,200 | |
| Utiltities Expense | 30,700 | |
| Total | $458,100 | $458,100 |
Using the above trial balance, how much does the company expect to collect from its customers for previous services provided, but payment has not yet been collected?
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Cost Management Measuring Monitoring and Motivating Performance
Authors: Leslie G. Eldenburg, Susan K. Wolcott
2nd edition
978-0470769423
