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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 Revenue
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 $ 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 2021: Performed advertising services on account, $67,600. Received cash payments on account, $13,100. Received deposits from customers for advertising services to be performed in 2022, $4,300. Made payments to suppliers on account, $5,450. 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, 2021
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