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To start his own business, Jim Richardson put $24,400 of his personal cash...

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Accounting

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To start his own business, Jim Richardson put $24,400 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, Utilities Expense, Accounts Payable, Supplies, and Supplies Expense Item Description Ref. Credit Debit 405 1 Utilities Expense Cash Accounts Payable 405 Utilities Expense 2 Accounts Payable 340 Accounts Payable Cash 340 Supplies 3 Supplies 1,610 Supplies Expense Cash 1,610 5 4 Supplies Expense 660 Supplies 660

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