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a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to
a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month. 3. Post the transactions to T-accounts. Assume the opening balance in each of the accounts is zero. Beginning Balance (a) Ending Balance Beginning Balance (b) Ending Balance Cash Debit Service Revenue 0 Credit 0 Debit Credit Beginning Balance 0 0 26,000 26,000 (a) 26,000 Ending Balance 26,000 Supplies Debit 16,000 Accounts Payable Credit Debit Credit 0 0 Beginning Balance. 0 0 16,000 (b) 16,000 Ending Balance 16,000 Salaries Expense Debit Credit Beginning Balance 0 0 (c) 6,200 Ending Balance 6,200
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