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	$	48,850
Cash		43,477
Accounts Receivable		7,522
Interest Expense		2,346
Accounts Payable		5,100
Operating Expenses		39,569
Deferred Revenue		1,236
Equipment		19,052
Income Tax Expense		2,443

The following activities occurred in 2019:

1. Performed advertising services on account, $57,800.

2. Received cash payments on account, $11,000.

3. Received deposits from customers for advertising services to be performed in 2020, $2,900.

4. Made payments to suppliers on account, $5,100.

5. Incurred $47,300 of operating expenses; $41,000 was paid in cash and $6,300 was on account and unpaid as of the end of the year.

What is the balance of Accounts Receivable at December 31, 2019?

Multiple Choice

• $54,322

• $46,800

• $57,222

• $57,800