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

Transcribed Image Text:

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