Question
00 8 Consider the recorded transactions below. Transaction Account Name Debit Credit 1. Accounts Receivable 8,100 2 Service Revenue 8,100 2. Supplies points 2,150
00 8 Consider the recorded transactions below. Transaction Account Name Debit Credit 1. Accounts Receivable 8,100 2 Service Revenue 8,100 2. Supplies points 2,150 Accounts Payable 2,150 3. Cash 9,900 Accounts Receivable 9,900 4. Advertising Expense 1,000 Cash 1,000 eBook 5. 6. Accounts Payable Cash Cash 3,400 3,400 1,100 Deferred Revenue 1,100 Hint Print Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $3,100; Accounts Receivable, $3,900; Supplies, $370; Accounts Payable, $3,200; Deferred Revenue, $270. Service Revenue and Advertising Expense each have a beginning balance of zero. Accounts Receivable Credit Debit Credit 3,100 Beginning Balance 3,900 Cash References Debit Beginning Balance Ending Balance Ending Balance Accounts Payable Credit Debit Credit 370 Beginning Balance 3,200 Supplies Debit Beginning Balance Ending Balance Deferred Revenue Debit Beginning Balance Ending Balance Ending Balance Service Revenue Credit Debit Credit 270 Beginning Balance Advertising Expense Debit Credit Beginning Balance Ending Balance Ending Balance
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