The following accounts are taken from the December 31, 2013, financial statements of A to Z Advertising Company:

The following activities occurred in 2014: 1. Billed customers for advertising services rendered, $55,000. 2. Received cash from customers in payment of their accounts, $10,400. 3. Incurred $45,000 of operating expenses of which $39,000 was paid in cash and $6,000 was on account and unpaid as of the end of the year. 4. Paid suppliers $5,000 on the accounts payable. 5. Received deposits from customers of $2,500 for advertising services to be performed in 2015.

What is the balance in the Cash account at December 31, 2014?

a. $46,116

b. $41,516

c. $10,416

d. $46,916

What is the amount of Accounts receivable at the end of 2014?

a. $51,896

b. $55,000

c. $44,600

d. $54,396

Advertising revenue Cash Accounts recelvable Interest expense Accounts payable Operating expenses Equlpment Income tax expense $46,482 41,516 7,296 2,299 5,000 37,460 18,0A8 2,326