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Consider the recorded transactions below. Credit Debit 7,700 1. Accounts Receivable Service Revenue 7,700 1,950 2. Supplies Accounts Payable 1,950 9,500 3. Cash Accounts Receivable
Consider the recorded transactions below. Credit Debit 7,700 1. Accounts Receivable Service Revenue 7,700 1,950 2. Supplies Accounts Payable 1,950 9,500 3. Cash Accounts Receivable 9,500 4. Advertising Expense Cash 1,200 1,200 3,000 5. Accounts Payable Cash 3,000 6. Cash Deferred Revenue 1,000 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, $2,700; Accounts Receivable, $3,500; Supplies, $330; Accounts Payable, $2,800; Deferred Revenue, $230. Service Revenue and Advertising Expense each have a beginning balance of zero. Accounts Receivable Beg. bal. Cash 2,700 9,500 Beg. bal. (3) 1,200 End bal. 1 End bal. Accounts Receivable Beg. bal. Cash 2,700 9,500 Beg. bal. (3) (4) 1,200 End. bal. 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 ce Beg. bal. End. bal
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