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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

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 companys Chart of Accounts

Recorded transactions to be posted:

Debit

Credit

Debit

Credit

1

Accounts receivable

6,000

4

Advertising expense

1,800

Service revenue

6,000

Accounts payable

1,800

2

Office Supplies

300

5

Accounts payable

2,500

Cash

300

Cash

2,500

3

Deferred revenue

4,000

6

Cash

8,000

Service revenue

4,000

Accounts receivable

8,000

Following are some (not all) of the accounts for the company with balances at the beginning of the day:

Cash

Accounts Receivable

Office Supplies

Accounts Payable

12,000

7,000

50

3,000

Deferred Revenue

Service Revenue

Advertising Expense

10,000

3,000

1,200

14. $___________What is the Cash account balance at the end of the day?

15. $___________What is the Accounts Receivable account balance at the end of the day?

16. $___________What is the Office supplies account balance at the end of the day?

17. $___________What is the Accounts payable account balance at the end of the day?

18. $___________What is the Deferred revenue account balance at the end of the day?

19. $___________What is the Service revenue account balance at the end of the day?

20. $___________What is the Advertising expense account balance at the end of the day?

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