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To start her own business, Susan White put $22,700 of her personal cash into the business account. Given the following additional transactions calculate the ending
To start her own business, Susan White put $22,700 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, Prepaid Rent, and Rent Expense 800 Item 1 Description Ref. Debit Credit Accounts Receivable 1,700 Cash Service Revenue 1,700 Accounts Receivable S 2 Cash 1,500 Service Revenue Accounts Receivable 1,500 Prepaid Rent 3 Prepaid Rent 1,200 Rent Expense Cash 1,200 ? 4 Rent Expense 600 Prepaid Rent 600
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