Post each transaction to the T-accounts below and compute the ending balances of each account. The balances
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Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the doy are shown in the T accounts.
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Recorded transactions to be posted 1 Deferred revenue Service revenue 2 Accounts payable Cash 3 Advertising expense Accounts payable 10,000 14. S 15 S Deferred Revenue Debit 8,000 5,000 700 600 Credit 5,000 700 600 4 Office Supplies Cash Accounts receivable Service revenue Following are some (not all) of the accounts for the company with balances at the beginning of the day Accounts Receivable Cash Office Supplies 2,000 10 5 6 Cash Accounts receivable Service Revenue 3,210 Debit Credit What is the Cash account balance at the end of the day? What is the Accounts Receivable account balance at the end of the day? 200 4,000 4,500 Advertising Expense 200 200 4.000 4,500 Accounts Payable 1,000 Recorded transactions to be posted 1 Deferred revenue Service revenue 2 Accounts payable Cash 3 Advertising expense Accounts payable 10,000 14. S 15 S Deferred Revenue Debit 8,000 5,000 700 600 Credit 5,000 700 600 4 Office Supplies Cash Accounts receivable Service revenue Following are some (not all) of the accounts for the company with balances at the beginning of the day Accounts Receivable Cash Office Supplies 2,000 10 5 6 Cash Accounts receivable Service Revenue 3,210 Debit Credit What is the Cash account balance at the end of the day? What is the Accounts Receivable account balance at the end of the day? 200 4,000 4,500 Advertising Expense 200 200 4.000 4,500 Accounts Payable 1,000
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Lets post each transaction to the Taccounts and compute the ending balances of each account Initial Balances Cash 10000 Accounts Receivable 2000 Offic... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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