Question

Post each transaction to T-accounts and compute the end balance of each account.Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies A

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Answer #1

Ans:

Cash

Accounts Receivable

Beg. Bal.

$2,600

.

Beg. Bal.

$3,400

.   

3

$9,400

$1,100

4

1

$7,600

6

$1,200

$2,900

5

$9,400

3

End. Bal.

$9,200

End. Bal.

$1,600

Supplies

Accounts payable

Beg. Bal.

$320

Beg. Bal.

$2,700

2

$1,900

$1,900

2

5

$2,900

End. Bal.

$2,2220

End. Bal.

$1,700

Deferred Revenue

Service Revenue

Beg. Bal.

$220

Beg. Bal.

$0

$1,200

6

$7,600

1

End. Bal.

$1,420

End. Bal.

$7,600

Advertising Expense

Beg. Bal.

$0

4

$1,100

End. Bal.

$1,100

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