Selected transactions from the journal of Ink Pad Printers Ltd during its first month of operations are presented here: 

Required

(a) Post the transactions to T accounts.

(b) Prepare a trial balance as at 31 August 2017.

Transcribed Image Text:

Date Account name Aug. 1 Cash Share Capital 10 Cash Service Revenue 12 Office Equipment Cash Bank Loan 25 Accounts Receivable Service Revenue 31 Cash Accounts Receivable Debit 17 000 12 400 4000 1500 600 Credit 17 000 12 400 1 000 3 000 1500 600