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Use the following to answer questions 14 - 20 Post each transaction to the T-accounts below and compute the ending balances of each account.

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Use the following to answer questions 14 - 20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Debit Credit Debit Credit Supplies 300 4 Deferred revenue 7000 Accounts payable 300 Service revenue 7000 2 Accounts receivable 3000 Accounts payable 750 Service revenue 3000 Cash 750 3 Advertising expense 5000 Cash 3250 Cash 5000 Accounts receivable 3250 Following are some (not all) of the accounts for the company with balances at the beginning of the day: Cash Accounts Receivable Supplies Accounts Payable 10,000 2,000 50 TT 500 Deferred Revenue Service Revenue Advertising Expense 10,000 18,000 3,000

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