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The following account balances are taken from the December 31, 2020, financial statements of ABZ Advertising Company. The company uses accrual basis accounting Advertising
The following account balances are taken from the December 31, 2020, financial statements of ABZ Advertising Company. The company uses accrual basis accounting Advertising Revenue Cash Accounts Receivable $ 47,666 42,423 7,409 Interest Expense 2,323 Accounts Payable 5,050 02 Operating Expenses 38,609 Deferred Revenue 1,206 Equipment 18,590 Income Tax Expense 2,383 The following activities occurred in 2021 1. Performed advertising services on account, $56,400 2. Received cash payments on account. $10,700 3. Received deposits from customers for advertising services to be performed in 2022, $2,700. 4. Made payments to suppliers on account, $5,050. 5. Incurred $46,100 of operating expenses, $39,950 was paid in cash and $6,150 was on account and unpaid as of the end of the year What is the balance in the Cash account at December 31, 2021?
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