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1. 23 3. Record the two transactions for Tina Washington, Lawyer. Include an explanation for each transaction. Open these T-accounts: Cash; Accounts Receivable; Service Revenue.
1. 23 3. Record the two transactions for Tina Washington, Lawyer. Include an explanation for each transaction. Open these T-accounts: Cash; Accounts Receivable; Service Revenue. Post to all three accounts. Compute each account's balance, and denote it as Bal Answer these questions based on your analysis: a. How much did the business earn? Which account shows this amount? b. How much in total assets did the business acquire as a result of the two transactions? Identify each asset and show its amount. 18, the bua Received payment on account. Requirement 2. Post to these T-accounts: Cash; Accounts Receivable; Service Revenue. Compute each account's balance, and denote it as Bal. (If a box is not used in the t-account do not select a label or enter a zero.) Bal. Cash Accounts Receivable May 5 Bal. Bal. Service Revenue
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