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During its first year of operations, Yellow Bell Co. provided services to customers for the value of $76,000. At the end of the year, $16,000

During its first year of operations, Yellow Bell Co. provided services to customers for the value of $76,000. At the end of the year, $16,000 of the $76,000 remained in Accounts Receivable. Yellow Bell Co. also incurred expenses of $47,000, of which, $7,000 is remained in Accounts Payable at year end. How much was Yellow Bells revenue assuming they used the accrual method of accounting?

$60,000

$20,000

$76,000

D. $29,000

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