Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can you please tell me if I filled this out completely correct? It says I have the question 90% filled out I attached below an
Can you please tell me if I filled this out completely correct? It says I have the question 90% filled out
I attached below an example of what I got wrong when I submitted it last. I made some changes, as seen above.
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Debit B,000 Credit 1. Accounts Receivable Service Revenue 8,000 2,100 2. Supplies Accounts Payable 2,100 9,800 3. Cash Accounts Receivable 9,800 4. Advertising Expense Cash 1,200 1,200 5. Accounts Payable Cash 3,300 3,300 1,000 6. Cash Deferred Revenue 1,000 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, $3,000; Accounts Receivable, $3,800; Supplies, $360; Accounts Payable, $3,100; Deferred Revenue, $260. Service Revenue and Advertising Expense each have a beginning balance of zero. 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, $3,000; Accounts Receivable, $3,800; Supplies, $360; Accounts Payable, $3,100; Deferred Revenue, $260. Service Revenue and Advertising Expense each have a beginning balance of zero. Beg bal. Cash 3,000 9,800 1,000 Beg bal. (1) Accounts Receivable 3,800 9,800 8,000 3,300 (3) (6) End. bal. 9,300 End. bal. 2,000 Supplies 360 Beg. bal. (2) Beg. bal. (5) Accounts Payable 3,100 3,300 2,100 2,100 End. bal. 2.460 End. bal. 1.900 Beg. bal. Deferred Revenue 260 1,000 Beg. bal. Service Revenue 0 8,000 End. bal 1,260 End. bal. 8,000 Advertising Expense Beg. bal 1,200 End. bal. 1,200 9 X Answer is not complete. Cash 3,000 9,800 1,000 Beg. bal. (3) (6) 1 points 1,200 X 3,300 Beg. bal. Accounts Receivable 3,800 8,000 9,800 X (3) End. bal. 9,300 End. bal. 2,000 Beg. bal. (2) Supplies 360 Accounts Payable 8,000 2,100 Beg. bal. End. bal. 2,460 End. bal. Beg. bal. (6) Deferred Revenue 260 1,000 Service Revenue Beg. bal. End. bal. 1,260 End, bal. Advertising ExpenseStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started