Chapter 2, Problem 2.15E

Post transactions to T-accounts (LO2–5)

Consider the recorded transactions below.

	Debit	Credit
1. Accounts Receivable ..................................................	8,400
Service Revenue .............................................................		8,400
2. Supplies ......................................................................	2,300
Accounts Payable ............................................................		2,300
3. Cash ............................................................................	10,200
Accounts Receivable .......................................................		10,200
4. Advertising Expense ...................................................	1,000
Cash .................................................................................		1,000
5. Accounts Payable .........................................................	3,700
Cash ..................................................................................		3,700
6. Cash ...............................................................................	1,100
Deferred Revenue ..............................................................		1,100

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, $3,400; Accounts Receivable, $4,200; Supplies, $400; Accounts Payable, $3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero.