Current Attempt in Progress

Selected transactions from the journal of June Feldman, investment broker, are presented below.

Date		Account Titles and Explanation		Ref.		Debit		Credit
Aug.1		Cash				5,500
		Owner's Capital						5,500
		(Owners investment of cash in business)
10		Cash				2,860
		Service Revenue						2,860
		(Received cash for services performed)
12		Equipment				5,500
		Cash						2,530
		Notes Payable						2,970
		(Purchased equipment for cash and notes payable)
25		Accounts Receivable				1,870
		Service Revenue						1,870
		(Billed clients for services performed)
31		Cash				990
		Accounts Receivable						990
		(Receipt of cash on account)

(a)

Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.)

Cash

choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
choose the end date of the accounting period

	enter a debit balance	choose the end date of the accounting period

	enter a credit balance
Accounts Receivable
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
choose the end date of the accounting period

	enter a debit balance	choose the end date of the accounting period

	enter a credit balance
Equipment
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
Notes Payable
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
Owners Capital
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
Service Revenue
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
choose a transaction date

	enter a debit amount	choose a transaction date

	enter a credit amount
choose the end date of the accounting period

	enter a debit balance	choose the end date of the accounting period

	enter a credit balance