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Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 8,800 8,800 1,600 2. Supplies Accounts Payable 1,600 3. Cash Accounts Receivable 8,800
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 8,800 8,800 1,600 2. Supplies Accounts Payable 1,600 3. Cash Accounts Receivable 8,800 8,800 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 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, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue, $160. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Accounts Receivable 2,000 Beg. bal. Beg. bal. (1) 10,800 1,100 2,300 8,600 End. bal. 8,600 End. bal. Supplies Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Deferred Revenue Service Revenue Beg. bal. Beg. bal. End. bal. End. bal. Advertising Expense Beg. bal. End. bal
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