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To start his own business, Bob Gonzalez put $29,600 of his personal cash into the business account. Given the following additional transactions calculate the ending
To start his own business, Bob Gonzalez put $29,600 of his 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, Deferred Revenue, Service Revenue, Prepaid Rent, and Rent Expense Item 1 2 3 4 Description Cash Deferred Revenue Deferred Revenue Service Revenue Prepaid Rent Cash Rent Expense Prepaid Rent Ref. -Debit 1,505 660 1,170 490 Credit 1,505 660 1,170 490 Cash Deferred Revenue Service Revenue Prepaid Rent Rent Expense X
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