To start his own business, Frank Rogers put $24,400 of his personal cash into the business...

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To start his own business, Frank Rogers put $24,400 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, Supplies, Supplies Expense, Deferred Revenue, and Service Revenue Item 1 2 Supplies Expense Supplies 3 Description Supplies Cash 4 Cash Deferred Revenue Deferred Revenue Service Revenue Ref. Debit 1,740 555 1,390 1,220 Credit 1,740 555 1,390 1,220 Cash Supplies Supplies Expense Deferred Revenue Service Revenue X PUDO To start his own business, Frank Rogers put $24,400 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, Supplies, Supplies Expense, Deferred Revenue, and Service Revenue Item 1 2 Supplies Expense Supplies 3 Description Supplies Cash 4 Cash Deferred Revenue Deferred Revenue Service Revenue Ref. Debit 1,740 555 1,390 1,220 Credit 1,740 555 1,390 1,220 Cash Supplies Supplies Expense Deferred Revenue Service Revenue X PUDO

Answer rating: 100% (QA)

The following are the balances of the accounts af... View the full answer