Question
Consider the recorded transactions below. Debit Credit 1. Accounts Receivable Service Revenue 8,700 8,700 2. Supplies 1,650 Accounts Payable 1,650 3. Cash 8,900 Accounts
Consider the recorded transactions below. Debit Credit 1. Accounts Receivable Service Revenue 8,700 8,700 2. Supplies 1,650 Accounts Payable 1,650 3. Cash 8,900 Accounts Receivable 8,900 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable 2,400 Cash 2,400 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, $2,100; Accounts Receivable, $2,900; Supplies, $270; Accounts Payable, $2,200: Deferred Revenue, $170. Service Revenue and Advertising Expense each have a beginning balance of zero. Beg. bal End. bal. Cash Supplies Accounts Receivable Beg. bal. End: bal Accounts Payable
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