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The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue

The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

Advertising Revenue $ 57,138
Cash 50,853
Accounts Receivable 8,313
Interest Expense 2,507
Accounts Payable 5,450
Operating Expenses 46,282
Deferred Revenue 1,446
Equipment 22,284
Income Tax Expense 2,857

The following activities occurred in 2019:

  1. Performed advertising services on account, $67,600.

  2. Received cash payments on account, $13,100.

  3. Received deposits from customers for advertising services to be performed in 2020, $4,300.

  4. Made payments to suppliers on account, $5,450.

  5. Incurred $55,300 of operating expenses; $47,900 was paid in cash and $7,400 was on account and unpaid as of the end of the year.

What is the balance in the Cash account at December 31, 2019?

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