Transaction Account Name Debit Credit 1. Accounts Receivable 7,700 Service Revenue 7,700 2. Supplies 1,950 Accounts Payable 1,950 3. Cash 9,500 Accounts Receivable 9,500 4. Advertising Expense 1,200 Cash 1,200 5. Accounts Payable 3,000 Cash 3,000 6. Cash 1,000 Deferred Revenue 1,000 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,700; Accounts Receivable, $3,500; Supplies, $330; Accounts Payable, $2,800; Deferred Revenue, $230. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Accounts Receivable Debit Credit Debit Credit Beginning Balance 2,700 Beginning Balance 3,500 (3) 9,500 1,200 (4) (6) 1,000 3,000 (5) Ending Balance Ending Balance Supplies Debit Beginning Balance Ending Balance Accounts Payable Credit Debit 330 Beginning Balance Deferred Revenue Debit Beginning Balance Ending Balance Ending Balance Credit 2,800 Service Revenue Credit Debit Credit 230 Beginning Balance 0 8,900 Advertising Expense Debit Credit Beginning Balance 0 Ending Balance Ending Balance 8,900