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To start her own business, Alice Hill put $29,100 of her personal cash into the business account. Given the following additional transactions calculate the ending
To start her own business, Alice Hill put $29,100 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted: Cash, Deferred Revenue, Service Revenue, Prepaid Rent, and Rent Expense Item Description 1 Cash Deferred Revenue Ref. Debit Credit 1,070 Cash 1,070 Deferred Revenue 2 Deferred Revenue 835 Service Revenue Service Revenue 835 Prepaid Rent 3 Prepaid Rent 810 Rent Expense Cash 810 4 Rent Expense 690 Prepaid Rent 690
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