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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 transactions is: Cash, $1,500, Accounts Receivable, $2,400, Supplies, $220, Accounts Payable, $1,700; Deferred Revenue, $120.
Service Revenue and Advertising Expense each have a beginning balance of zero.

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Explanation:

The beginning balance of each account before the transactions is: Cash, $3400; Accounts Receivable,$4200; Supplies, $400; Accounts Payable,$3500; Deferred

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