Consider the recorded transactions below: 

                                             Debit    Credit 

1. Accounts receivable       8,700 

Service revenue                               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. Cash1,100 

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, $2,800; Accounts Receivable, $3,600; Supplies, $340; Accounts Payable, $2,900; Deferred Revenue, $240. Service Revenue and Advertising Expense each have a beginning balance of zero.