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To start his own business, John Hall put $24,900 of his personal cash into the business account. Given the following additional transactions calculate the ending

To start his own business, John Hall put $24,900 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, Accounts Receivable, Service Revenue, Prepaid Rent, and Rent Expense

Item Description Ref. Debit Credit
1 Accounts Receivable

1,700

Service Revenue

1,700

2 Cash

1,000

Accounts Receivable

1,000

3 Prepaid Rent

940

Cash

940

4 Rent Expense

620

Prepaid Rent

620

Cash

$

Accounts Receivable

Service Revenue

Prepaid Rent

Rent Expense

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