Transaction 2. Account Name Accounts Receivable Service Revenue Supplies Accounts Payable Cash Accounts Receivable. Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue Debit 9,300 1,350 8,300 1,000 1,500 1,100 Credit 9,300 1,350 8,300 1,000 1,800 1,100 Required: b Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account the transactions is: Cash, $1,500; Accounts Receivable, $2,300; Supplies, $210, Accounts Payable, $1,600, Deferred venue, $110. Service Revenue and Advertising Expense each have a beginning balance of zero.
Transaction 2. Account Name Accounts Receivable Service Revenue Supplies Accounts Payable Cash Accounts Receivable. Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue Debit 9,300 1,350 8,300 1,000 1,500 1,100 Credit 9,300 1,350 8,300 1,000 1,800 1,100 Required: b Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account the transactions is: Cash, $1,500; Accounts Receivable, $2,300; Supplies, $210, Accounts Payable, $1,600, Deferred venue, $110. Service Revenue and Advertising Expense each have a beginning balance of zero.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
owe
subject-Accounting
Transcribed Image Text:Transaction
1.
2.
3.
Account Name
Accounts Receivable
Service Revenue
Supplies
Beginning Balance
Accounts Payable
Cash
Debit
Accounts Receivable
Advertising Expense
Cash
Accounts Payable
Cash
Cash
Deferred Revenue
Cash
1,500
8,300
1,000
Credit
8,300
1,000
1,800
Debit
< Prev
9,300
1,350
8,300
1,000
1, see
Required:
Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account
the transactions is: Cash, $1,500, Accounts Receivable, $2,300; Supplies, $210, Accounts Payable, $1,600, Deferred
evenue, $110. Service Revenue and Advertising Expense each have a beginning balance of zero.
b
1,100
2 of 4
Credit
9,300
Jul
1,350
8,300
1,000
1,800
1,100
Debit
Beginning Balance
Next >
Accounts Receivable
eck my work
Credit
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