Transactions from the journal of June Feldman, investment broker, are presented below: Instructions a. Post the transactions
Question:
Transactions from the journal of June Feldman, investment broker, are presented below:
Instructions
a. Post the transactions to T accounts.
b. Prepare the trial balance at August 31, 2024.
Transcribed Image Text:
Date Aug. 1 10 12 25 31 Account Titles and Explanation Cash J. Feldman, Capital Owner's investment of cash in business. Cash Service Revenue Received cash for services performed. Equipment Cash Notes Payable Purchased equipment for cash and notes payable. Accounts Receivable Service Revenue Billed clients for services performed. Cash Accounts Receivable Received cash on account. Ref Debit 5,000 2,600 5,000 1,700 900 Credit 5,000 2,600 2,300 2,700 1,700 900
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a b Cash Aug 1 5000 Aug 12 2300 10 2600 900 31 Aug31Bal 6...View the full answer
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Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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