Consider the recorded transactions below. debit credit 1. accounts receivable 9,300 service revenue 9,300 2. supplies 1,350 accounts payable 1,350 3. cash 8,300 accounts receivable 8,300 4. advertising expense 1,000 cash 1,000 5. accounts payable 1,800 cash 1,800 6. cash 1,100 deferred revenue 1,100post each transaction to t-accounts and calculate the ending balance for each account. the beginning balance of each account before the transactions is: cash, $2,300; accounts receivable, $3,100; supplies, $290; accounts payable, $2,400; deferred revenue, $190. service revenue and advertising expense each have a beginning balance of zero.

    Cash

Debit     Credit

2,300

8,300(3)

           1,000(4)

           1,800(5)

1,100(6)            

8,900

Account Receivable

Debit            Credit

3,100

9,300 (1)

                  8,300(3)

4,100

      Supplies

Debit            Credit

 290

1,350 (2)            

1,640

Account Payable

Debit            Credit

                    2,400

                     1,350(2)

  1,800(5)                  

                   1,950  

Deferred Reveue

Debit            Credit

                      190

                    1,100(6)

                    1,290

Serivce Revenue

Debit            Credit

                    9,300 (1)

Advertizing expense

Debit            Credit

1,100(4)

Explanation:

we post the same value under the same side as the jounral entry. we just move the information of the jounral entries into the t-account no calcualtion is needed in this proceess. Only the balance at the end. For the banace we add each column and subtract one from another.

In brackets is the reference to the transactio number fromo which the value comes form.

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