Selected transactions from the journal of Tiger Woods Inc., investment brokerage firm, are presented below.. LO5 Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 9,600 Common Stock 9,600

(Investment of cash for stock)

10 Cash 2,800 Service Revenue 2,800

(Received cash for services provided)

12 Office Equipment 4,500 Cash 2,000 Notes Payable 2,500

(Purchased office equipment for cash and notes payable)

25 Accounts Receivable 1,650 Service Revenue 1,650

(Billed for services provided)

31 Cash 1,200 Accounts Receivable 1,200

(Receipt of cash on account)

Instructions

(a) Post the transactions to T accounts.

(b) Prepare a trial balance at August 31, 2004.