4. Consider the transactions recorded below: a. b. C. d. e. f. ● Accounts Receivable ● Supplies Cash Service Revenue Cash Accounts Payable Accounts Receivable Advertising Expense Cash Accounts Payable Cash 2,700 6,500 200 3,000 1,000 3,000 2,700 6,500 200 3,000 Deferred Revenue 3,000 Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: 1,000 Cash: $1,500 Accounts receivable: $4,000 Supplies: $200 Accounts payable: $5,000 Deferred revenue: $300 Service revenue and Advertising Expense each have a beginning balance of zero
4. Consider the transactions recorded below: a. b. C. d. e. f. ● Accounts Receivable ● Supplies Cash Service Revenue Cash Accounts Payable Accounts Receivable Advertising Expense Cash Accounts Payable Cash 2,700 6,500 200 3,000 1,000 3,000 2,700 6,500 200 3,000 Deferred Revenue 3,000 Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: 1,000 Cash: $1,500 Accounts receivable: $4,000 Supplies: $200 Accounts payable: $5,000 Deferred revenue: $300 Service revenue and Advertising Expense each have a beginning balance of zero
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![4. Consider the transactions recorded below:
a.
b.
C.
d.
e.
f.
●
●
●
●
Accounts Receivable
●
Supplies
Cash
Service Revenue
Cash
Accounts Payable
Accounts Receivable
Advertising Expense
Cash
Accounts Payable
Cash
2,700
6,500
200
3,000
1,000
3,000
2,700
Deferred Revenue
3,000
Post each transaction to T-accounts and compute the ending balance of each account. The
beginning balance of each account before the transactions is:
6,500
200
3,000
1,000
Cash: $1,500
Accounts receivable: $4,000
Supplies: $200
Accounts payable: $5,000
Deferred revenue: $300
Service revenue and Advertising Expense each have a beginning balance of zero](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c8f60c8-0e6b-4dfd-8761-02961214ab97%2F1918e69e-d98d-4dd3-af14-e24389dd4066%2Fdl5rv0b_processed.png&w=3840&q=75)
Transcribed Image Text:4. Consider the transactions recorded below:
a.
b.
C.
d.
e.
f.
●
●
●
●
Accounts Receivable
●
Supplies
Cash
Service Revenue
Cash
Accounts Payable
Accounts Receivable
Advertising Expense
Cash
Accounts Payable
Cash
2,700
6,500
200
3,000
1,000
3,000
2,700
Deferred Revenue
3,000
Post each transaction to T-accounts and compute the ending balance of each account. The
beginning balance of each account before the transactions is:
6,500
200
3,000
1,000
Cash: $1,500
Accounts receivable: $4,000
Supplies: $200
Accounts payable: $5,000
Deferred revenue: $300
Service revenue and Advertising Expense each have a beginning balance of zero
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