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Exercise 2-15 (Algo) Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Transaction 1. Account Name Debit Credit Accounts Receivable 8,300 Service Revenue
Exercise 2-15 (Algo) Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Transaction 1. Account Name Debit Credit Accounts Receivable 8,300 Service Revenue 8,300 Supplies 2,250 Accounts Payable 2,250 3. Cash 10,100 Accounts Receivable: 10,100 Advertising Expense 1,200 Cash 1,200 Accounts Payable. 3,600 Cash Cash Deferred Revenue 3,600 1,000 1,000 Ch 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, $3,300; Accounts Receivable, $4,100; Supplies, $390; Accounts Payable, $3,400; Deferred Revenue, $290. Service Revenue and Advertising Expense each have a beginning balance of zero.
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