A companys accounting records included the following accounts.

Accounts Receivable (A)

Debit Credit

1/1 394

2,735 a

12/31 306

Prepaid Rent (A)

Debit Credit

1/1 30

44 b

12/31 47

Deferred Revenue (L)

Debit Credit

352 1/1

c 400

396 12/31

Required:

For each T-account, describe the typical transactions that cause it to increase and decrease.

Compute the missing amounts.

A company's accounting records included the following accounts Accounts Receivable (A) Prepaid Rent (A) Debit Credit Debit Credit 394 1/1 30 2,735 44b 12/31 306 12/31 47 1/1 Deferred Revenue (L) Debit Credit 352 1/1 C400 396 12/31 Required: 1. For each T-account, describe the typical transactions that cause it to increase and decrease 2. Compute the missing amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each T-account, describe the typical transactions that cause it to Increase and decrease. Accounts Transactions Increase and Decrease Accounts Receivable Accounts Receivable Sales to customers on account Cash collections from customers Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each T-account, describe the typical transactions that cause it to increase and decrease. Accounts Increase and Decrease Accounts Receivable Accounts Receivable Prepaid Rent Prepaid Deferred Revenue Deferred Revenue Transactions Sales to customers on account Cash collections from customers. Cash payments for rent related to future periods. The benefits of these prepayments are used up over time. Cash received from customers for goods or services to be provided in the future. Goods and services are provided. Required Required 2 > 1. For each T-account, describe the typical transactions that cause it to increase and decrease. 2. Compute the missing amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the missing amounts. Decrease = Accounts Receivable Prepaid Rent Deferred Revenue Beginning Increase $ 394 $ 2,735 $ 30$ 44 $ 352 $ 400 Ending $ 306 $ 47 $ $ $ 11 11 396