Consider the recorded transactions below. Transaction Account Name Debit Credit 1 . Accounts Receivable 9 , 0
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Question:
Consider the recorded transactions below.
Transaction Account Name Debit Credit
Accounts Receivable
Service Revenue
Supplies
Accounts Payable
Cash
Accounts Receivable
Advertising Expense
Cash
Accounts Payable
Cash
Cash
Deferred Revenue
Required:
Post each transaction to Taccounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $; Accounts Receivable, $; Supplies, $; Accounts Payable, $; Deferred Revenue, $ Service Revenue and Advertising Expense each have a beginning balance of zero.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0073396958
2nd edition
Authors: David Haddock, John Price, Michael Farina
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