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To start his own business, Eric Gonzalez put $20,800 of his personal cash into the business account. Given the following additional transactions calculate the ending
To start his own business, Eric Gonzalez put $20,800 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, Utilities Expense, and Accounts Payable Item Description Ref. Credit Debit 1,670 1 Cash Cash Deferred Revenue 1,670 Deferred Revenue 2 Deferred Revenue 1,200 Service Revenue Service Revenue 1.200 Utilities Expense 0 3 Utilities Expense 270 Accounts Payable Accounts Payable 270 5 ? 4 Accounts Payable 250 Cash 250
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