Post each transaction to T-accounts and compute the end balance of each account.
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 |
Post each transaction to T-accounts and compute the end balance of each account. Consider the recorded...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 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, $2,000; Accounts Receivable, $2,800;...
Consider the recorded transactions below. Debit 8,100 Credit 1. Accounts Receivable Service Revenue 8,100 2. Supplies Accounts Payable 2,150 2,150 3. Cash Accounts Receivable 9,900 9,900 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable Cash 3,400 3,400 6. Cash Deferred Revenue 1,100 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,...
Consider the recorded transactions below. Credit Debit 9,000 1. Accounts Receivable Service Revenue 9,000 1,500 2. Supplies Accounts Payable 1,500 8,600 3. Cash Accounts Receivable 8,600 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 2,100 2,100 6. Cash Deferred Revenue 1,100 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, $1,800; Accounts Receivable, $2,600; Supplies, $240; Accounts Payable, $1,900; Deferred Revenue,...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies Accounts Payable 1,600 1,600 3. Cash Accounts Receivable 8,800 8,800 1,100 4. Advertising Expense Cash 5. Accounts Payable Cash 1,100 2,300 2,300 6. Cash Deferred Revenue 1,200 1,200 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, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue,...
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7,800 1. Accounts Receivable Service Revenue 7.800 2,000 2. Supplies Accounts Payable 2.000 9,600 3. Cash Accounts Receivable 9,600 1.000 4. Advertising Expense Cash 1.000 5. Accounts Payable 3,100 Cash 3,100 1,100 6. Cash 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, $2,800; Accounts Receivable, $3,600: Supplies, $340; Accounts Payable, $2,900; Deferred Revenue, $240. Service Revenue and Advertising Expense each...
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,...
Post each transaction to T-accounts and compute the end balance of each account. Required information [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September 2. September 3. September 12 Purchase office supplies on account for $1,600. 4. September 15 Pay employee salaries of $2,300 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent...