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Contents [lists at AM100] Besources S2-11 Journal entry, T-accounts, and results On October 5. Tina Serelio performed legal services for a client who could not
Contents [lists at AM100] Besources S2-11 Journal entry, T-accounts, and results On October 5. Tina Serelio performed legal services for a client who could not pay immediate The business expected to collect the $12,000 the following month. On Novernber 4 , the business received $5,500 cash from the client Required: 1. Record the two transactions for Tina Serelio, Lawyer. Include an explanation for each transac 2. Open these T-accounts: Cash; Accounts Receivable; Service Revenue. Post to all three accoun 3. 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? Identif
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