Consider the recorded transactions below. Credit Debit

Accounts Receivable 7,900

Service Revenue 7,900

Supplies 2,050

Accounts Payable 2,050

Cash 9,700

Accounts Receivable 9,700 .

Advertising Expense 1,100

Cash 1,100

Accounts Payable 3,200

Cash 3,200

Cash 1,200

Deferred Revenue 1,200

Required:

Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each acc the transactions is: Cash, $2,900; Accounts Receivable, $3,700; Supplies, $350; Accounts Payable, $3,000; Deferred Reve Service Revenue and Advertising Expense each have a beginning balance of zero.