Question

Consider the recorded transactions belovw Debit Credit 1. Accounts Receivable Service Revenue 8,600 8,600 2. Supplies 1.700 Accounts Payable 1,700 3. Cash 9.000 Accounts Receivable 9,000 4 Advertising Expense 1,200 Cash 1,200 5. Accounts Payable Cash 2,500 2,500 6. Cash 1,000 Deferred Revenue 1,000 Required Post each transaction to T-accounts and calculate the ending balance for each account. The beginning balance of each account before the transactions is: Cash, $2,200; Accounts Receivable, $3,000; Supplies, $280; Accounts Payable, $2,300; Deferred Revenue, $180. Service Revenue and Advertising Expense each have a beginning balance of zero Cash Accounts Receivable Beg. bal Beg. bal End. bal End. bal

Answer 1

	Cash					Accounts Receivable
Beg bal	2,200				Beg bal	3,000
3	9,000	1,200	4		1	8,600	9,000	3
6	1,000	2,500	5
End bal	8,500				End bal	2,600
	Supplies					Accounts payable
Beg bal	280				Beg bal		2,300
2	1,700						1,700	2
							2,500	5
End bal	1,980				End bal		6,500
	Deferred Revenue					Service revenue
Beg bal		180			Beg bal		0
		1,000	6				8,600	1
End bal		1,180			End bal		8,600
	Advertising expense
Beg bal	0
4	1,200
End bal	1,200