Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. Post information to T-Accounts (3pts): T.A.R.D.I.S. Co. is a firm that provides travel services to customers. The beginning balance of all accounts listed
4. Post information to T-Accounts (3pts): T.A.R.D.I.S. Co. is a firm that provides travel services to customers. The beginning balance of all accounts listed in their general ledger as of April 1st, 2022 is: Cash: $91,500; A/R: $35,150; Accounts Payable (A/P): $29,700; Retained Earnings: $66,950; Common Stock: $30,000. Assume all other accounts have a beginning balance of $0 as of April 1st. The following transactions were then recorded in the firm's general journal during the month of April: 2-Apr Cash Notes Payable to record cash received from signing a note payable 4-Apr Accounts receivable Service Revenue to record services provided on account 7-Apr Cash Service Revenue to record services provided for cash 15-Apr Cash Accounts Receivable $ 80,000 $ 80,000 $ 48,300 $ 48,300 $ 2,950 2,950 $ 41,600 $ 41,600 to record cash received from customers on their accounts
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started