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To start her own business, Nancy Perry put $21,500 of her personal cash into the business account. Given the following additional transactions calculate the
To start her own business, Nancy Perry put $21,500 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, Accounts Receivable, Service Revenue, Wages Expense, and Wages Payable Item 1 Description Ref Debit Credit Accounts Receivable 1,600 Service Revenue 1,600 Cash Accounts Receivable 2 Cash 1,300 Service Revenue Accounts Receivable 1,300 Wages Expense 0 3 Wages Expense 945 Wages Payable Wages Payable 945 ? 4 Wages Payable Cash 730 730
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