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CO Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Debit Beginning Balance (1) X Accounts Receivable Service Revenue Supplies Accounts Payable
CO Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Debit Beginning Balance (1) X Accounts Receivable Service Revenue Supplies Accounts Payable Cash Account Name Accounts Receivable Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue Cash 2,900 9,700 1.300 Credit 1,100 3.300 (4) Debit 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, $2,900; Accounts Receivable, $3,700; Supplies, $350, Accounts Payable, $3,000; Deferred Revenue, $250. Service Revenue and Advertising Expense each have a beginning balance of zero. (5) 7,900 2,050 9,700 1,100 3,200 1,200 Credit 7,900 2,050 9,700 1,100 3,200 1,200 X Answer is not complete. Debit Beginning Balance (1) Accounts Receivable 3,700 7,900 Credit 9.700
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