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question the following account balances are taken from the december 31 2015 financia 4294613

Question

The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

5.

value:1.00 points

Required information

What is the balance in the Cash account at December 31, 2016?

$52,784

$13,292

$54,592

$47,692

6.

value:1.00 points

Required information

What is the balance of Accounts Receivable at December 31, 2016?

$63,400

$62,874

$51,200

$59,174

7.

value:1.00 points

Required information

What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2016?

$63,400.

$58,100.

$67,100.

$45,000.

The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

 

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