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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, $1,700;
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, $1,700; Accounts Receivable, $2,500; Supplies, $230; Accounts Payable, $1,800; Deferred Revenue, $130. Service Revenue and Advertising Expense each have a beginning balance of zero.
Consider the recorded transactions below Credit Debit 9,100 1. Accounts Receivable Service Revenue 9,100 1,450 2. Supplies Accounts Payable 1,450 8,500 3. Cash Accounts Receivable 8,500 1,100 4. Advertising Expense Cash 1,100 2,000 5. Accounts Payable Cash 2,000 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, $1,700; Accounts Receivable, $2,500; Supplies, $230; Accounts Payable, $1,800; Deferred Revenue. $130. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Accounts Receivable Beg bal Beg. bal. 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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