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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 beginning
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 beginning balances are shown in the accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts (so you cannot prepare financial statements with the data) Recorded transactions to be posted: Debit Credit Debit Credit 1 Deferred revenue 2,900 Accounts receivable 30,000 Service revenue 2,900 Service revenue 30,000 2 Accounts payable 3,800 5 Cash 36,000 Cash 3,800 Accounts receivable 36,000 3 Advertising expense 8,900 6 Office Supplies Accounts payable Cash 90 4 90 8,900 Following are some of the accounts for the company: Cash 18,000 7,200 A/R A/P Office Supplies 210 4,200 Deferred Revenue 4,900 Service Revenue 0 Advertising Expense 0 14. $ What is the ending balance in the Cash account? What is the ending balance in the A/R account? 15. $. Chapter 2 Page 2-2 16. $ 17. $. 18. $. What is the ending balance in the Office supplies account? What is the ending balance in the A/P account? What is the ending balance in the Deferred revenue account? What is the ending balance in the Service revenue account? _What is the ending balance in the Advertising expense account? 19. $. 20. $
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