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To start her own business, Kim Young put $25,000 of her personal cash into the business account. Given the following additional transactions calculate the ending
To start her own business, Kim Young put $25,000 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 oumal entry amounts are posted: Cash, Supplies, Supplies Expense, Deferred Revenue, and Service Revenue Ref: Credit Item 1 Description Supplies Cash Debit 1,500 Cash 1,590 2 7140 Supplies Expense Supplies Supplies Supplies Expense Deferred Revenue 740 0 1,935 Service Revenue 3 Cash Deferred Revenue 1,985 5 ? 4 1,055 Deferred Revenue Service Revenue 1.055
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