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The following account balances are taken from the December 31,2020 , financial statements of ABZ Advertising Company. The cornpany uses accrual basis accounting. The following

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The following account balances are taken from the December 31,2020 , financial statements of ABZ Advertising Company. The cornpany uses accrual basis accounting. The following activities occurred in. 2021: 1. Performed advertising services on account, $61,250 2 . Recelved cosh payments on account, $11,700. 3. Received deposits from customers for atvertising services to be performied in 2022,53.400. 4. Mode payments to suppliers on account, $5.220. 5. Incurred $50.100 of eperating expenses, $43,400 was paid in eash and $6,700 was on account and unpaid as of the end of the year. What is the balance of Accounts Recelvable ot December 31, 2021? 2. Received cash payments on account, $11,700. 3. Received deposits from customers for advertising services to be performed in 2022,$3,400. 4. Made payments to suppliers on account, $5,220. 5. Incurred $50,100 of operating expenses: $43,400 was paid in cash and $6,700 was on account and unpaid as of the end of the yeat: What is the balance of Accounts Receivable at December 31, 2021? Multiple Choice $61,250 $49,550 $60,760 $57,360

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