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Consider the recorded transactions below. Transaction Account Name Debit Credit 1. Accounts Receivable 9,200 Service Revenue 9,200 2. Supplies 1,400 Accounts Payable 1,400 3. Cash
Consider the recorded transactions below. Transaction Account Name Debit Credit 1. Accounts Receivable 9,200 Service Revenue 9,200 2. Supplies 1,400 Accounts Payable 1,400 3. Cash 8,400 Accounts Receivable 8,400 4. Advertising Expense 1,200 Cash 1,200 5. Accounts Payable 1,900 Cash 1,900 6. Cash 1,000 Deferred Revenue 1,000 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, $1,600; Accounts Receivable, $2,400; Supplies, $220; Accounts Payable, $1,700; Deferred Revenue, $120. Service Revenue and Advertising Expense each have a beginning balance of zero
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