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. 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, \$1,400; Accounts Receivable, $2,200; Supplies, $200; Accounts Payable, $1,500; Deferred Revenue, $100. Service Revenue and Advertising Expense each have a beginning balance of zero. Service Revenue \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Advertising Expense } \\ \hline Debit & & \multicolumn{2}{|c|}{ Credit } \\ \hline Beginning Balance & & \\ \hline & & \\ \hline Ending Balance & & \\ \hline \end{tabular}
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