Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Debit Beginning Balance Ending Balance Account Name Accounts Receivable. Service Revenue Supplies Accounts Payable Cash Accounts Receivable Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue. Cash Debit 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, $3,100; Accounts Receivable, $3,900; Supplies, $370; Accounts Payable, $3,200; Deferred Revenue, $270. Service Revenue and Advertising Expense each have a beginning balance of zero. Credit 8,100 2,150 9,900 1,000 3,400 1,100 Credit 8,100 2,150 9,900 1,000 3,400 1,100 Debit Beginning Balance Ending Balance Accounts Receivable Credit
Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Debit Beginning Balance Ending Balance Account Name Accounts Receivable. Service Revenue Supplies Accounts Payable Cash Accounts Receivable Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue. Cash Debit 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, $3,100; Accounts Receivable, $3,900; Supplies, $370; Accounts Payable, $3,200; Deferred Revenue, $270. Service Revenue and Advertising Expense each have a beginning balance of zero. Credit 8,100 2,150 9,900 1,000 3,400 1,100 Credit 8,100 2,150 9,900 1,000 3,400 1,100 Debit Beginning Balance Ending Balance Accounts Receivable Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
3
Transcribed Image Text:Consider the recorded transactions below.
Transaction
1.
2.
3.
4.
5.
6.
Debit
Beginning Balance
Ending Balance
Accounts Receivable
Service Revenue
Supplies
Account Name
Accounts Payable
Cash
Accounts Receivable
Advertising Expense
Cash
Accounts Payable
Cash
Cash
Deferred Revenue
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, $3,100; Accounts Receivable, $3,900; Supplies, $370; Accounts Payable, $3,200; Deferred Revenue, $270.
Service Revenue and Advertising Expense each have a beginning balance of zero.
Cash
Debit
Credit
8,100
2,150
9,900
1,000
3,400
1,100
Credit
8,100
2,150
9,900
1,000
3,400
1,100
Beginning Balance
Ending Balance
Prox
Debit
5 of 8
Accounts Receivable
www
Next
Credit
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