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Consider the recorded transactions below. Transaction 1. Account Name Accounts Receivable. Service Revenue Supplies Accounts Payable Cash 2. 3. 5. 6. Beginning Balance Required: Post
Consider the recorded transactions below. Transaction 1. Account Name Accounts Receivable. Service Revenue Supplies Accounts Payable Cash 2. 3. 5. 6. Beginning Balance 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, $2,200; Accounts Receivable, $3,000; Supplies, $280, Accounts Payable, $2,300; Deferred Revenue, $180. Service Revenue and Advertising Expense each have a beginning balance of zero. Ending Balance Beginning Balance Debit Beginning Balance Ending Balance Beginning Balance Debit Ending Balance Debit Accounts Receivable Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue Debit Deferred Revenue Ending Balance Cash Supplies Advertising Expense Credit Credit Credit Debit Credit 8,600 8,600 1,700 1,700 9,000 9,000 1,200 1,200 2,500 2,500 1,000 1,000 Credit Beginning Balance Beginning Balance Accounts Receivable Ending Balance Debit Beginning Balance Accounts Payable Debit Ending Balance Service Revenue Debit Ending Balance Credit Credit Credit
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