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How do i do the below ... Consider the recorded transactions below. Debit Credit 1. Accounts Receivable 8,000 Service Revenue 8,000 2. Supplies 2,100 Accounts
How do i do the below ...
Consider the recorded transactions below.
Debit | Credit | ||
1. | Accounts Receivable | 8,000 | |
Service Revenue | 8,000 | ||
2. | Supplies | 2,100 | |
Accounts Payable | 2,100 | ||
3. | Cash | 9,800 | |
Accounts Receivable | 9,800 | ||
4. | Advertising Expense | 1,200 | |
Cash | 1,200 | ||
5. | Accounts Payable | 3,300 | |
Cash | 3,300 | ||
6. | Cash | 1,000 | |
Deferred Revenue | 1,000 | ||
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, $3,000; Accounts Receivable, $3,800; Supplies, $360; Accounts Payable, $3,100; Deferred Revenue, $260. Service Revenue and Advertising Expense each have a beginning balance of zero.
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