The following narratives describe transactions impacting cash, accounts receivable, accounts payable, revenues, and selected expense accounts.Use T-accounts to analyze this activity and determine the ending balances for cash, accounts receivable and accounts payable.

At the beginning of the period, accounts receivable totaled $54,300, while accounts payable totaled $31,275.The company started the period with $85,000 in cash.

Transaction #1Services were provided to customers for cash in the amount of $15,230.Transaction #2Supplies were purchased and used.This purchase occurred on account, in the amount of $2,400.Transaction #3Collections of outstanding receivables occurred in the amount of $19,410.Transaction #4Utilities costs in the amount of $763 were incurred and paid in cash.Transaction #5Payments on outstanding accounts payable were made for $23,900.Transaction #6Services were provided to customers on account in the amount of $48,654.

The T-accounts reveal that ending Accounts Receivable amount to $, and ending Accounts Payable amount to $.

CASHREVENUES1/1/X185,00015,230#1#115,230ACCOUNTS RECEIVABLESUPPLIES EXPENSE1/1/X154,300ACCOUNTS PAYABLEUTILITIES EXPENSE31,2751/1/X1