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To start her own business, Linda Harris put $23,900 of her personal cash into the business account. Given the following additional transactions calculate the
To start her own business, Linda Harris put $23,900 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, Supplies, Supplies Expense, Prepaid Rent, and Rent Expense Item Description 1 Supplies Cash Ref. Debit Credit 1,530 Cash 1,530 Supplies 2 Supplies Expense 750 Supplies Expense Supplies 750 Prepaid Rent 3 Prepaid Rent 600 Rent Expense Cash 600 4 Rent Expense 400 Prepaid Rent 400
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