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To start his own business, Eric Ramirez put $27,100 of his personal cash into the...

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Accounting

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To start his own business, Eric Ramirez put $27,100 of his personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted: Cash, Accounts Receivable, Service Revenue, Utilities Expense, and Accounts Payable Item Description Ref. Debit Credit 1 Accounts Receivable 1,200 Cash Service Revenue 1,200 Accounts Receivable 2 Cash 1,200 Service Revenue Accounts Receivable 1,200 Utilities Expense 3 Utilities Expense 455 Accounts Payable Accounts Payable 455 ? 4 Accounts Payable 395 Cash 395

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