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To start his own business, Jim Ward put $24,500 of his personal cash into the business account. Given the following additional transactions calculate the

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To start his own business, Jim Ward put $24,500 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, Wages Expense, Wages Payable, Accounts Receivable, and Service Revenue Item 1 Description Wages Expense Ref. Debit Credit 910 Wages Payable Cash 910 Wages Expense 2 Wages Payable 540 OF Wages Payable Cash 540 Accounts Receivable. 3 Accounts Receivable 1,700 Service Revenue Service Revenue i 1,700 4 Cash 1,500 Accounts Receivable 1,500

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