Post the Following Transactions to T-Accounts and Determine Each Account's $\begin{array}{llr} \text { Supplies.} &2,800\\ \text { Accounts Payable } &&2,800\\\end{array}$

question 89

Essay

Post the following transactions to T-accounts and determine each account's ending balance. 1.
$\begin{array}{llr} \text { Supplies.} &2,800\\ \text { Accounts Payable } &&2,800\\\end{array}$

2.
$\begin{array}{llr} \text { Accounts Receivable} &4,000\\ \text { Service Revenue} &&4,000\\\end{array}$

3.
$\begin{array}{llr} \text { Cash} & 3,000\\ \text { Accounts Receivable} && 3,000\\\end{array}$

4.
$\begin{array}{llr} \text { Accounts Payable } &1,000\\ \text { Cash } &1,000\\\end{array}$

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Definitions:

Organizational Principle

Fundamental concepts or guidelines that dictate the structure, operation, and management of an organization, shaping its culture and functioning.

Efficiency

The ability to accomplish a task using the least amount of resources possible.

Calculability

The ability to assess or measure something quantitatively, often used in the context of evaluating efficiency, productivity, or performance.

Secondary Groups

These refer to groups characterized by formal, impersonal relationships and often have a specific goal or activity at their core.