Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Accounts Receivable. Service Revenue...

 

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Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Accounts Receivable. Service Revenue Supplies Account Name Accounts Payable Cash Accounts Receivable Advertising Expense Cash Accounts Payable. Cash Cash Deferred Revenue Debit 8,900 1,550 8,700 1,200 2,200 1,000 Credit 8,900 1,550 8,700 1,200 2,200 1,000 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, $1,900; Accounts Receivable, $2,700; Supplies, $250, Accounts Payable, $2,000; Deferred Revenue, $150. Service Revenue and Advertising Expense each have a beginning balance of zero. Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance Cash Supplies Deferred Revenue Credit Credit Credit Beginning Balance Ending Balance Debit Ending Balance Debit Beginning Balance Debit Beginning Balance Accounts Receivable Accounts Payable Service Revenue Credit Credit Credit Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Accounts Receivable. Service Revenue Supplies Account Name Accounts Payable Cash Accounts Receivable Advertising Expense Cash Accounts Payable. Cash Cash Deferred Revenue Debit 8,900 1,550 8,700 1,200 2,200 1,000 Credit 8,900 1,550 8,700 1,200 2,200 1,000 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, $1,900; Accounts Receivable, $2,700; Supplies, $250, Accounts Payable, $2,000; Deferred Revenue, $150. Service Revenue and Advertising Expense each have a beginning balance of zero. Debit Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance Cash Supplies Deferred Revenue Credit Credit Credit Beginning Balance Ending Balance Debit Ending Balance Debit Beginning Balance Debit Beginning Balance Accounts Receivable Accounts Payable Service Revenue Credit Credit Credit

Answer rating: 100% (QA)

The provided images show a list of transactions recorded in a doubleentry accounting system and Taccounts for different ledger accounts The task is to ... View the full answer