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To start her own business, Janet Hughes put $29,500 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all jou entry amounts are posted: Cash, Accounts Receivable, Service Revenue, Wages Expense, and Wages Payable Item Description 1 Accounts Receivable Service Revenue 2 3 4 Cash Accounts Receivable Wages Expense Wages Payable Wages Payable Cash Ref. Debit 1,900 1,800 670 490 Credit 1,900 1,800 670 490 Cash Accounts Receivable Service Revenue Wages Expense Wages Payable X Aa

To start her own business, Janet Hughes put $29,500 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all jou entry amounts are posted: Cash, Accounts Receivable, Service Revenue, Wages Expense, and Wages Payable Item Description 1 Accounts Receivable Service Revenue 2 3 4 Cash Accounts Receivable Wages Expense Wages Payable Wages Payable Cash Ref. Debit 1,900 1,800 670 490 Credit 1,900 1,800 670 490 Cash Accounts Receivable Service Revenue Wages Expense Wages Payable X Aa

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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To start her own business, Janet Hughes put $29,500 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journ entry amounts are posted: Cash, Accounts Receivable, Service Revenue, Wages Expense, and Wages Payable Item Description 1 Accounts Receivable Service Revenue 2 3 4 Cash Accounts Receivable Wages Expense Wages Payable Wages Payable Cash Ref. Debit 1,900 1,800 670 490 Credit 1,900 1,800 670 490 Cash Accounts Receivable Service Revenue Wages Expense Wages Payable □ 0 0 Aa KI
Transcribed Image Text:To start her own business, Janet Hughes put $29,500 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journ entry amounts are posted: Cash, Accounts Receivable, Service Revenue, Wages Expense, and Wages Payable Item Description 1 Accounts Receivable Service Revenue 2 3 4 Cash Accounts Receivable Wages Expense Wages Payable Wages Payable Cash Ref. Debit 1,900 1,800 670 490 Credit 1,900 1,800 670 490 Cash Accounts Receivable Service Revenue Wages Expense Wages Payable □ 0 0 Aa KI
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