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Consider the recorded transactions below. 1 Dr. Accounts 4000 Cr. Sales Revenue 4000 Receivable 2 Dr. Supplies 800 Cr. Accounts Payable 800 3 Dr. Cash
Consider the recorded transactions below. 1 Dr. Accounts 4000 Cr. Sales Revenue 4000 Receivable 2 Dr. Supplies 800 Cr. Accounts Payable 800 3 Dr. Cash 6000 Cr. Accounts Receivable 6000 4 Rent Expense 800 Cr. Cash 800 5. Accounts 1500 Cr. Cash 1500 Payable 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, $2,500; Supplies, $400; Accounts Payable, $1,000; Service Revenue and Advertising Expense each have a beginning balance of zero
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