Question: 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
Consider the recorded transactions below.
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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, $3,200; Accounts Receivable, 3,900; Supplies, $480; Accounts Payable, $1,720; Unearned Revenue, $410. Service Revenue and Advertising Expense each have a beginning balance ofzero.
Debit 9.800 Credit 1. Accounts Receivable Service Revenue 9,800 2. Supplies 2,200 Accounts Payable 2.200 3. Cash 7,500 Accounts Receivable 7500 4. Advertising Expense 1,100 Cash 1,100 3,500 5. Accounts Payable Cash 3,500 6. Cash 2,540 Uneamed Revenue 2,540
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3 6 2 4 Cash 3200 7500 2540 8640 Supplies 480 220... View full answer
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