Question
1. Accounts Receivable 9,100 Service Revenue 9,100 2. Supplies 1,450 Accounts Payable 1,450 3. Cash 8,500 Accounts Receivable 8,500 4. Advertising Expense 1,100 Cash 1,100
1. | Accounts Receivable | 9,100 | |
Service Revenue | 9,100 | ||
2. | Supplies | 1,450 | |
Accounts Payable | 1,450 | ||
3. | Cash | 8,500 | |
Accounts Receivable | 8,500 | ||
4. | Advertising Expense | 1,100 | |
Cash | 1,100 | ||
5. | Accounts Payable | 2,000 | |
Cash | 2,000 | ||
6. | Cash | 1,200 | |
Deferred Revenue | 1,200 | ||
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, $1,700; Accounts Receivable, $2,500; Supplies, $230; Accounts Payable, $1,800; Deferred Revenue, $130. Service Revenue and Advertising Expense each have a beginning balance of zero.
1. | Accounts Receivable | 9,100 | |
Service Revenue | 9,100 | ||
2. | Supplies | 1,450 | |
Accounts Payable | 1,450 | ||
3. | Cash | 8,500 | |
Accounts Receivable | 8,500 | ||
4. | Advertising Expense | 1,100 | |
Cash | 1,100 | ||
5. | Accounts Payable | 2,000 | |
Cash | 2,000 | ||
6. | Cash | 1,200 | |
Deferred Revenue | 1,200 | ||
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, $1,700; Accounts Receivable, $2,500; Supplies, $230; Accounts Payable, $1,800; Deferred Revenue, $130. Service Revenue and Advertising Expense each have a beginning balance of zero.
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