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Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown
Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day 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: Credit Credit Debit 6,000 Debit 1,800 1 Accounts receivable 4 6,000 1,800 Advertising expense Accounts payable unts payable Accounts payable Cash 300 Service revenue Office Supplies Cash Deferred revenue Service revenue 2,500 300 2,500 3 4,000 6 Cash 8,000 4,000 Accounts receivable 8,000 # Following are some (not all) of the accounts for the company with balances at the beginning of the day: Cash Accounts Receivable Office Supplies Accounts Payable 12,000 7,000 50 3,000 Service Revenue Deferred Revenue 10,000 Advertising Expense 1,200 3,000 14. $ What is the Cash account balance at the end of the day? _What is the Accounts Receivable account balance at the end of the day? 15. $ __ Chapter 2 Page 2-2 16. $ What is the Office supplies account balance at the end of the day? 17. $ _What is the Accounts payable account balance at the end of the day? 18. $ What is the Deferred revenue account balance at the end of the day? 19. $. What is the Service revenue account balance at the end of the day? 20. $ What is the Advertising expense account balance at the end of the day
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