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Brief Exercise 2-7 Selected transactions for the Nikolai Company are presented in journal form below. Ref. Credit Date May 5 Debit 5,230 5,230 12 Account

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Brief Exercise 2-7 Selected transactions for the Nikolai Company are presented in journal form below. Ref. Credit Date May 5 Debit 5,230 5,230 12 Account Titles and Explanation Accounts Receivable Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Cash Service Revenue (Received cash for services performed) 1,580 1,580 15 3,350 3,350 Post the transactions to T-accounts. Determine each account's ending balance. (Post entries in the order displayed in the problem.) Cash Accounts Receivable Service Revenue

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