Selected transactions for Fernholz Company are presented in journal form below. Post the transactions to T accounts.. LO5 Exercises 105 J1 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 6,800 Service Revenue 6,800 12 Cash 4,100 Accounts Receivable 4,100 15 Cash 3,000 Service Revenue 3,000 Post journal entries to T accounts.

(SO 6)

Prepare a correct trial balance.

(SO 7)

ARMARO COMPANY Trial Balance December 31, 2004 Debit Credit Cash $31,600 Prepaid Insurance $ 3,900 Accounts Payable 7,500 Unearned Fees 5,800 Common Stock 20,000 Dividends 5,000 Service Revenue 29,200 Salaries Expense 19,000 Rent Expense 3,000

$56,400 $68,600