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Consider the recorded transactions below. Credit Debit 1. Accounts Receivable 7,800 Service Revenue 7,800 2. Supplies Accounts Payable 2,000 2,000 9, 600 3. Cash 9,
Consider the recorded transactions below. Credit Debit 1. Accounts Receivable 7,800 Service Revenue 7,800 2. Supplies Accounts Payable 2,000 2,000 9, 600 3. Cash 9, 600 Accounts Receivable 4. Advertising Expense 1, 000 1, 000 Cash 5. Accounts Payable 3, 100 Cash 3,100 6. Cash 1,100 Deferred Revenue 1, 100 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, $2,8o0; Accounts Receivable, $3,600; Supplies, $340; Accounts Payable, $2,900; Deferred Revenue, $240. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Accounts Receivable Beg. bal. (3) (4) (5) End, bal. 2,800 3,600 Beg. bal. End. bal. Accounts Payable Supplies Beg. bal. 2,900 Beg. bal. 340 End, bal. End. bal. Deferred Revenue Service Revenue 240 Beg. bal. Beg. bal. End, bal. End. bal. Advertising Expense Beg. bal. End, bal
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