Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Account Name Accounts Receivable Service Revenue Supplies Cash Accounts Payable Accounts Receivable Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue Debit 8,100 2,150 9,900 1,000 3,400 1,100 Credit 8,100 2,150 9,900 1,000 3,400 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, $270. Service Revenue and Advertising Expense each have a beginning balance of zero.

Consider the recorded transactions below. Transaction 1. 2. 3. 4. 5. 6. Account Name Accounts Receivable Service Revenue Supplies Cash Accounts Payable Accounts Receivable Advertising Expense Cash Accounts Payable Cash Cash Deferred Revenue Debit 8,100 2,150 9,900 1,000 3,400 1,100 Credit 8,100 2,150 9,900 1,000 3,400 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, $270. Service Revenue and Advertising Expense each have a beginning balance of zero.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 4EA: Identify the financial statement on which each of the following accounts would appear: the income...

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