Bailey Marie Corp.
December 31, 2019
Account
Debit
Credit
Cash
$20,000
Accounts Receivable
4,000
Prepaid Rent
4,800
Equipment
82,100
Buildings
200,000
Accounts Payable
$9,500
Deferred Revenue
3,400
Common Stock
145,000
Retained Earnings
50,200
Dividends
11,300
Service Revenue
250,000
Salaries Expense
91,000
Advertising Expense
14,200
Utilities Expense
30,700
Total
$458,100
$458,100
Using the above trial balance, how much does the
company expect to collect from its customers for previous services
provided, but payment has not yet been collected?