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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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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