Exercise $2-15($Algo$)$ Post transactions to T$-$accounts $($LO$2-5)$

Consider the recorded transactions below.

Transaction Account Name Debit Credit

$1.$ Accounts Receivable $8,100$

Service Revenue $8,100$

$2.$ Supplies $2,150$

Accounts Payable $2,150$

$3.$ Cash $9,900$

Accounts Receivable $9,900$

$4.$ Advertising Expense $1,000$

Cash $1,000$

$5.$ Accounts Payable $3,400$

Cash $3,400$

$6.$ Cash $1,100$

Deferred Revenue $1,100$

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, $$3,100$; Accounts Receivable, $$3,900$; Supplies, $$370$; Accounts Payable, $$3,200$; Deferred Revenue, $$270.$ Service Revenue and Advertising Expense each have a beginning balance of zero.