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Answer B and C The following selected transactions were completed during July of the current year 1. Billed customers for fees earned, $54,930 2. Purchased
Answer B and C
Calculator Show Me How Accounts Receivable 51,630 1.430 (4) Accounts Payable Cash 1,430 b. Post the entries prepared in (a) to the following accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Eamed. To the left of each amount posted in the accounts, select the appropriate number to identify the transaction Accounts Payable Supplies Fees Earned Accounts Receivable c. Assume that the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivatie. Does this credit balance mean an error has occurred Previous The following selected transactions were completed during July of the current year 1. Billed customers for fees earned, $54,930
2. Purchased supplies on account, $2,360
3. Received cash from customers on account, $51,630
4. Paid creditors on account, $1,430
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