Chapter 3 p. 206 Problem Set B PB14

Post the following July transactions to T-accounts for Accounts Receivable, Sales Revenue, and Cash, indicating the ending balance. Assume no beginning balances in these accounts.

A. sold products to customers for cash, $7,500

Cash
____????____

Sales Revenue
	___???___

B. sold products to customers on account, $12,650

Sales Revenue
	7,500.00
	_____????_____

Accounts Receivable
____???____

C. collected cash from customer accounts, $9,500

Cash
7,500.00
____????_____
Bal. ____????____

Sales Revenue
	7,500.00
	12,650.00
	Bal. ____????____

Accounts Receivable
12,650.00
	____???_____
Bal. ___???____