Reference no: EM132489527

Consider the recorded transactions below.

                                              Debit                                            Credit

1. Accounts Receivable   7,600                                      Service Revenue 7,600

2. Supplies 1,900                                                            Accounts Payable 1,900

3. Cash9,400                                                                 Accounts Receivable 9,400

4. Advertising Expense1,100                                                 Cash 1,100

5. Accounts Payable 2,900                                                      Cash 2,900

6. Cash 1,200                                                                 Deferred Revenue 1,200

Required:

Question 1: 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, $2,600;

Accounts Receivable, $3,400;

Supplies, $320;

Accounts Payable, $2,700;

Deferred Revenue, $220.

Service Revenue and Advertising Expense each have a beginning balance of zero.