Consider the recorded transactions below.

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, 92,400: Accounts Receivable. $3,200: Supplies, $300: Accounts Payable. 92,500. Unearned Revenue, 5200. Service Revenue and Advertising Expense each have a beginning balance of zero.

Transcribed Image Text:

Debit Credit 1. Accounts Receivable Service Revenue 2. Supplies Accounts Payable 3. Cash Accounts Receivable . Advertising Expense Cash 5. Accounts Payable Cash 6. Cash Unearned Revenue 7,400 7,400 1,800 1,800 9,200 9,200 1,200 2,700 1,000 1,000