Consider the recorded transactions below. Debit Credit 1. Accounts Receivable..................................... 8,400 Service Revenue....................................... 8,4002. Supplies......................................................... 2,300 Accounts Payable .................................... 2,3003. Cash............................................................. 10,200 Accounts Receivable................................ 10,2004. Advertising Expense...................................... 1,000 Cash.............................................................. 1,0005. Accounts Payable........................................... 3,700 Cash.............................................................. 3,7006. Cash............................................................... 1,100 Deferred Revenue.................................... 1,100Required: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.
Consider the recorded transactions below.
Debit Credit
1.
Service Revenue....................................... 8,400
2. Supplies......................................................... 2,300
Accounts Payable .................................... 2,300
3. Cash............................................................. 10,200
Accounts Receivable................................ 10,200
4. Advertising Expense...................................... 1,000
Cash.............................................................. 1,000
5. Accounts Payable........................................... 3,700
Cash.............................................................. 3,700
6. Cash............................................................... 1,100
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.
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