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The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising revenue

The following account balances are taken from the December 31, 2015, 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

Unearned revenue

1,446

Equipment

22,284

Income tax expense

2,857

The following activities occurred in 2016:

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 2017, $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, 2016?

What is the balance of Accounts Receivable at December 31, 2016?

What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2016?

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