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Please use the image charts to fill out the correct transactions. Thank you! Homework Saved Consider the recorded transactions below. Credit 1. Accounts Receivable Service
Please use the image charts to fill out the correct transactions. Thank you!
Homework Saved Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 8,888 8,800 1,600 2. Supplies Accounts Payable 1,600 3. Cash Accounts Receivable 8,800 8,800 1,100 4. Advertising Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash 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, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue, $160. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Accounts Receivable Beg bal Beg bal End bal End, bal Homework Saved End bal End, bal Supplies Accounts Payable Beg bal Beg bal End bal End bal Deferred Revenue Service Revenue Beg bal Beg bal End bal End bal Advertising Expense Beg bal End bal Step by Step Solution
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