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To start her own business, Betty Anderson put $25,800 of her personal cash into the business account. Given the following additional transactions calculate the
To start her own business, Betty Anderson put $25,800 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, Prepaid Rent, Rent Expense, Utilities Expense, and Accounts Payable Item Description Ref. Debit Credit 1 Prepaid Rent 740 Cash Cash 740 Prepaid Rent 740 2 Rent Expense 680 Rent Expense 680 Prepaid Rent 680 Utilities Expense 3 Utilities Expense 440 Accounts Payable Accounts Payable 440 4 Accounts Payable 280 Cash 280
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