Selected journal entries for the Walt Bryce Company are presented in BE2.7. Post the transactions using the standard form of account.

BE2.7

Selected transactions for the Walt Bryce Company are presented in journal form below. Post the transactions to T-accounts. Make one T-account for each item and determine each account€™s ending balance.

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J1 Account Titles and Explanation Debit Date Ref. Credit 5 May Accounts Receivable 5,400 5,400 Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Cash 4,200 12 4,200 3,000 15 3,000 Service Revenue (Received cash for services performed)