SB The following accounts are taken from the ... The income statement for the ye

Question

SB The following accounts are taken from the ...

The income statement for the year ended December 31, 2014 will show

$51,896 $55,000 $44,600 $54,396 The following accounts are taken from the December 31, 2013, financial statements of A to Z Advertising Company: The following activities occurred in 2014: Billed customers for advertising services rendered, $55,000. Received cash from customers in payment of their accounts, $10,400. 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. Paid suppliers $5,000 on the accounts payable. Received deposits from customers of $2,500 for advertising services to be performed in 2015. What is the amount of Accounts receivable What is the amount of Accounts receivable at the end of 2014? The income statement for the year ended The income statement for the year ended December 31, 2014 will show

Explanation / Answer

1. $55,000

2.Total Expenses of $50,000.

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