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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.
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 Office Supplies 150 Accounts Payable 2,000 Deferred Revenue Service Revenue Advertising Expense 6,000 0 0 14. $ What is the ending balance in the Cash account? 15. $ What is the ending balance in the Accounts Receivable account? Chapter 2 Page 2-2 16. $ 17. $ 18. $ 19. $ 20. $ What is the ending balance in the Office supplies account? What is the ending balance in the Accounts payable account? What is the ending balance in the Deferred revenue account? What is the ending balance in the Service revenue account? What is the ending balance in the Advertising expense account?
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