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To start his own business, John Wood put $25,300 of his personal cash into the business account. Given the following additional transactions calculate the ending

To start his own business, John Wood put $25,300 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, Prepaid Rent, Rent Expense, Accounts Receivable, and Service Revenue Item 1 Description Prepaid Rent Ref. Debit Credit 1,100 Cash Cash 1,100 Prepaid Rent 2 Rent Expense 490 Rent Expense Prepaid Rent 490 Accounts Receivable 3 Accounts Receivable 1,500 Service Revenue Service Revenue 1,500 ? 4 Cash 1,200 Accounts Receivable 1,200

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