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what went wrong? Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Credit Debit 8,400 1. Accounts Receivable Service Revenue 8,400 2,300
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Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Credit Debit 8,400 1. Accounts Receivable Service Revenue 8,400 2,300 2. Supplies Accounts Payable 2,300 10,200 3. Cash Accounts Receivable 10,200 1,000 4. Advertising Expense Cash 1,000 3,700 5. Accounts Payable Cash 3,700 1,100 6. Cash Deferred Revenue 1,100 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, $3,400; Accounts Receivable, $4,200; Supplies, $400, Accounts Payable, $3,500; Deferred Revenue $300. Service Revenue and Advertising Expense each have a beginning balance of zero Cash Accounts Receivable Cash Accounts Receivable 3,400 4,200 Beg. bal. (3) (6) Beg. bal. (1) 10,200 8,400 10,200 (3) 1,000 (4) 3,700 (5) 1.100 End, bal End. bal. 2,400 Supplies Accounts Payable 400 3,500 Beg. bal. (2) Beg, bal. (5) 2,300 3,700 2,300 (2) End. bal 2,700 End, bal 2,100 Deferred Revenue Service Revenue Beg, bal 0 Beg. bal. (6) 300 1,100 8,400 (1) End. bal. 1,400 End, bal. 8,400 Advertising Expense Beg. bal. |(4) 1,000 End, bal. 1.000 Step by Step Solution
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