Ensbied The following account balances are taken from the December 31, 2018, financial statements of...
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Ensbied The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenge Equipment Income Tax Expense $ 56,516 50,299 8,262 2,493 5.420 45,778 1.430 22,041 2,826 The following activities occurred in 2019 1. Performed advertising services on account, 566,850 2. Received cash payments on account, $12.900 Received deposits from customers for advertising services to be performed in 2020, 51,200. 4. Mide payments to supplers on account, $5.420 5. Incurred $54,700 of operating expenses: $47400 was paid in cash and 57,300 was on account and unpaid as of the end of the year What is the balance of Accounts Receivable at December 31, 2019
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