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Consider the recorded transactions below. Transaction Account Name Debit Credit 1. Accounts Receivable 8,100 Service Revenue 8,100 2. Supplies 2,150 Accounts Payable 2,150 Cash
Consider the recorded transactions below. Transaction Account Name Debit Credit 1. Accounts Receivable 8,100 Service Revenue 8,100 2. Supplies 2,150 Accounts Payable 2,150 Cash 9,900 Accounts Receivable 9,900 Advertising Expense 1,000 Cash 1,000 Accounts Payable 3,400 Cash 3,400 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, $3,100; Accounts Receivable, $3,900; Supplies, $370; Accounts Payable, $3,200; Deferred Revenue, $270. Service Revenue and Advertising Expense each have a beginning balance of zero. Accounts Receivable Credit Debit Credit 3,900 Beginning Balance Cash Debit Beginning Balance Ending Balance Ending Balance Supplies Accounts Payable Debit Credit Debit Credit Beginning Balance Beginning Balance 7 of 9 Next >
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