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Post each transaction to T-accounts and compute the ending balance of each account. the beginning balance of each account before the transaction 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.

Post each transaction to T-accounts and compute the ending balance of each account. the beginning balance of each account before the transaction 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.

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 2.9EX: Transactions and T accounts The following selected transactions were completed during March of the...
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Post each transaction to T-accounts and compute the ending balance of each account. the beginning balance of each account before the transaction 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.

Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Debit Credit 1. Accounts Receivable Service Revenue 8,100 8,100 2. Supplies 2,150 Accounts Payable 2,150 3. Cash 9,900 Accounts Receivable 9,900 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable 3,400 Cash 3,400 6. Cash 1,100 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, $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. Cash Accounts Receivable Beg. bal. Beg. bal. End. bal. End. bal. Supplies Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Deferred Revenue Service Revenue Beg. bal. Beg. bal. End. bal. End. bal. Advertising Expense Beg. bal. End. bal.
Transcribed Image Text:Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. Debit Credit 1. Accounts Receivable Service Revenue 8,100 8,100 2. Supplies 2,150 Accounts Payable 2,150 3. Cash 9,900 Accounts Receivable 9,900 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable 3,400 Cash 3,400 6. Cash 1,100 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, $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. Cash Accounts Receivable Beg. bal. Beg. bal. End. bal. End. bal. Supplies Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Deferred Revenue Service Revenue Beg. bal. Beg. bal. End. bal. End. bal. Advertising Expense Beg. bal. End. bal.
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