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3 Consider the recorded transactions below. 20 Transaction 1. Account Name Accounts Receivable. Debit Credit 8,900 points 2. Service Revenue 8,900 Supplies 1,550 Accounts Payable
3 Consider the recorded transactions below. 20 Transaction 1. Account Name Accounts Receivable. Debit Credit 8,900 points 2. Service Revenue 8,900 Supplies 1,550 Accounts Payable 1,550 3. Cash 8,700 Accounts Receivable 8,700 eBook 4 Advertising Expense 1,200 Cash 1,200 5. Accounts Payable 2,200 Cash 2,200 Hint Cash 1,000 Deferred Revenue 1,000 Required: Print References 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, $1,900; Accounts Receivable, $2,700; Supplies, $250; Accounts Payable, $2,000; Deferred Revenue, $150. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Debit Beginning Balance Ending Balance Accounts Receivable Credit Debit Credit Beginning Balance Ending Balance Supplies Accounts Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Deferred Revenue Service Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Advertising Expense Debit Credit Beginning Balance Ending Balance Ending Balance
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