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Consider the recorded transactions below. Credit Debit 1. Accounts Receivable 7,800 Service Revenue 7,800 2. Supplies AccountCash Accounts Receivable Beg. bal. (3) (4) (5) End, bal. 2,800 3,600 Beg. bal. End. bal. Accounts Payable Supplies Beg. bal.

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Answer #1
Cash
Beginning balance 2,800 (4)    1,000
(3) 9,600 (5) 3,100
(6) 1,100
Ending Balance 9,400
Supplies
Beginning balance 340   
(2) 2,000
Ending balance 2,340
Deferred Revenue
      Beginning balance 240
(6) 1,100
Ending balance 1,340
Advertising Expense
Beginning balance 0
(4) 1,000
Ending Balance
Accounts Receivable
Beginning balance 3,600 (3) 9,600
(1) 7,800
Ending Balance 1,800
Accounts Payable
(5) 3,100 Beginning balance 2,900
(2) 2,000
Ending balance 1,800
Service Revenue
      Beginning balance 0
(1) 7,800
Ending balance 7,800

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