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Consider the recorded transactions below. Debit Credit 1. Accounts Receivable Service Revenue 8,400 8,400 2. Supplies 2,300 =22 Accounts Payable 2,300 3. Cash 10,200
Consider the recorded transactions below. Debit Credit 1. Accounts Receivable Service Revenue 8,400 8,400 2. Supplies 2,300 =22 Accounts Payable 2,300 3. Cash 10,200 Accounts Receivable 10,200 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 3,700 3,700 6. Cash 1,100 Deferred Revenue 1,100 es 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, $3,400; Accounts Receivable, $4,200; Supplies, $400; Accounts Payable, $3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero. Beg. bal. End. bal. Cash Accounts Receivable Beg. bal. End. bal. Supplies Beg. bal. Accounts Payable Beg. bal. End. bal. End. bal. Deferred Revenue Service Revenue Beg. bal. Beg. bal. End. bal. Advertising Expense Beg. bal. End. bal. End. bal.
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