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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 7,600 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 7,600 Service Revenue 7,600 Supplies 1,900 Accounts Payable 1,900 Cash 9,400 Accounts Receivable 9,400 Advertising Expense 1,100 Cash 1,100 Accounts Payable 2,900 Cash 2,900 Cash 1,200 Deferred Revenue 1,200 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, $2,600, Accounts Receivable, $3,400; Supplies, $320; Accounts Payable, $2,700; Deferred Revenue, $220. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Debit Beginning Balance Ending Balance Accounts Receivable Credit Debit Credit Beginning Balance Ending Balance
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