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For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.
Debit Effect Credit Effect Normal Balance
(a) Accounts Payable
(b) Advertising Expense
(c) Service Revenue
(d) Accounts Receivable
(e) Retained Earnings
(f) Dividends
Joel Blocker recorded the following transactions during the month of April.
Apr. 3 Cash 1,970
Service Revenue 1,970
16 Rent Expense 410
Cash 410
20 Salaries and Wages Expense 450
Cash 450
Question 1: Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,370. (Post entries in the order of journal entries presented in the question.)
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