Selected transactions from the journal of Dewitt Inc. during its first month of Post journal entries and

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Selected transactions from the journal of Dewitt Inc. during its first month of Post journal entries and operations are presented here.

Date Account Titles Debit | Credit Aug. 1 | Cash 3,000 Common Stock 3,000 10 | Cash 1,700 Service Revenue 1,700 12 | Office Equipment 6,200 Cash 1,200 Notes Payable 5,000 25 | Accounts Receivable 3,100 Service Revenue 3,100 31 | Cash 600 Accounts Receivable 600 prepare a trial balance.

(SO 7, 8)

140 CHAPTER 3 The Accounting Information System Instructions

(a) Post the transactions to T accounts.

(b) Prepare a trial balance at August 31, 2007.

Journalize

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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