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Consider the recorded transactions below. Debit Credit 1. Accounts Receivable 8,000 Service Revenue 8,000 2. Supplies 2,100 Accounts Payable 2,100 3. Cash 9,800 Accounts Receivable

Consider the recorded transactions below. Debit Credit 1. Accounts Receivable 8,000 Service Revenue 8,000 2. Supplies 2,100 Accounts Payable 2,100 3. Cash 9,800 Accounts Receivable 9,800 4. Advertising Expense 1,200 Cash 1,200 5. Accounts Payable 3,300 Cash 3,300 6. Cash 1,000 Deferred Revenue 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, $3,000; Accounts Receivable, $3,800; Supplies, $360; Accounts Payable, $3,100; Deferred Revenue, $260. Service Revenue and Advertising Expense each have a beginning balance of zero.

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