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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
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 1 Accounts receivable. 4,000 4 Advertising expense 9,100 Service revenue 4,000 Accounts payable 9,100 2 Office Supplies 225 5 Accounts payable 6,000 Cash 225 Cash 6,000 3 Deferred revenue 3,800 6 Cash 18,200 Service revenue 3,800 Accounts receivable 18,200 Following are some (not all) of the accounts for the company with balances at the beginning of the day: Cash 15,000 Accounts Receivable 20,000 Office Supplies 125 Accounts Payable 6,200 Deferred Revenue Service Revenue Advertising Expense 4,800 21,000 900 14. $ 15. $ Chapter 2 What is the Cash account balance at the end of the day? What is the Accounts Receivable account balance at the end of the day? Page 2-2
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