Selected transactions for Wang Enterprises are presented in journal form below. Post the transactions to T-accounts. Make
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Selected transactions for Wang Enterprises are presented in journal form below. Post the transactions to T-accounts. Make one T-account for each account and determine each account’s ending balance.
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J1 Date Account Titles and Explanation Ref. Debit Credit Accounts Receivable Service Revenue (Billed for services performed) 5,400 May 5 5,400 4,200 12 Cash Accounts Receivable (Received cash in payment of account) 4,200 3,000 15 Cash Service Revenue (Received cash for services performed) 3,000
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Related Book For
Financial Accounting with International Financial Reporting Standards
ISBN: 978-1119504306
4th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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