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When a company receives cash in advance from customers-before it performs services for those customers-what must the company record? O Service Revenue O Accounts Payable
When a company receives cash in advance from customers-before it performs services for those customers-what must the company record? O Service Revenue O Accounts Payable Deferred Revenue O Accounts Receivable A company reports the following amounts for the year ended December 31, 2020: $ $ $ $ Advertising Expense Building Salaries Expense Accounts Payable Cash 14,200 100,000 24,800 6,300 12,400 $ Service Revenue Interest Expense Utilities Expense Equipment Notes Payable $ 128,000 2,500 14,500 25,700 20,000 $ $ $ $ In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $5,000 of common stock during the year. The company had retained earnings of $13,300 at the beginning of the year and paid dividends of $8,500. What amount of total assets should the company report in its December 31, 2020 balance sheet? $12,400 $112,400 O $144,400 $138,100 What report is a list of all accounts and their balances at a particular date, showing that total debits equal total credits? O Chart of accounts Trial balance Statement of stockholders' equity O Income statement
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