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Consider the recorded transactions below. Debit Credit 1.Accounts Receivable 8,400 Service Revenue 8,400 2.Supplies 2,300 Accounts Payable 2,300 3.Cash 10,200 Accounts Receivable 10,200 4.Advertising Expense
Consider the recorded transactions below. Debit Credit 1.Accounts Receivable 8,400 Service Revenue 8,400 2.Supplies 2,300 Accounts Payable 2,300 3.Cash 10,200 Accounts Receivable 10,200 4.Advertising Expense 1,000 Cash 1,000 5.Accounts Payable 3,700 Cash 3,700 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, $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
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