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Post each transaction to the T-accounts below and compute the ending balances of each account. The beginning balances are shown in the T accounts.

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Post each transaction to the T-accounts below and compute the ending balances of each account. The beginning balances are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Debit Credit Debit Credit 1 Office Supplies 120 4 Deferred revenue 5,000 Cash 120 Service revenue 5,000 2 Advertising expense 4,500 5 Accounts receivable 75,000 Accounts payable 4,500 Service revenue 75,000 3 Accounts payable 3,000 6 Cash 78,000 Cash 3,000 Accounts receivable 78,000 Following are some (not all) of the accounts for the company: Cash 10,000 Accounts Receivable 5,000 Deferred Revenue 6,000 Office Supplies 150 Accounts Payable 2,000 I Service Revenue Advertising Expense 0 0

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