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Assessment Progress Question #17 To start her own business, Patricia Gray put $29,000 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted Cash, Unearned Revenue, Service Revenue, and Accounts Receivable Item Description Ref. Debit Credit 1 Caslh 1,700 Unearned Revenue 1,700 Cash Unearned Revenue Service Revenue Accounts Receivable 2 Unearned Revenue Service Revenue 1,230 1,230 3 Accounts Receivable 1,600 Service Revenue 1,600 Clear Undo Help 4 Cash 1,300 Accounts Receivable 1,300 Next>> I dont know

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Answer #1
Cash $       32,000
Unearned revenue $ 470
Service revenue $         2,830
Accounts receivable $ 300

Working:

T-accounts:

Cash
29000
1 1700
4 1300
End. Bal. 32000
Unearned Revenue
2 1230 1700 1
End. Bal. 470
Service Revenue
1230 2
1600 3
End. Bal. 2830
Accounts Receivable
3 1600 1300 4
End. Bal. 300
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