Question
Date Account Titles Debit Credit Aug. 1 Cash 8,600 Common Stock 8,600 10 Cash 1,850 Service Revenue 1,850 12 Equipment 6,700 Cash 2,510 Notes Payable
| Date | Account Titles | Debit | Credit | |||
|---|---|---|---|---|---|---|
| Aug. 1 | Cash | 8,600 | ||||
| Common Stock | 8,600 | |||||
| 10 | Cash | 1,850 | ||||
| Service Revenue | 1,850 | |||||
| 12 | Equipment | 6,700 | ||||
| Cash | 2,510 | |||||
| Notes Payable | 4,190 | |||||
| 25 | Accounts Receivable | 2,980 | ||||
| Service Revenue | 2,980 | |||||
| 31 | Cash | 800 | ||||
| Accounts Receivable | 800 |
Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.)
| 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 |
| choose the end date of the accounting period | enter a debit balance | choose the end date of the accounting period | enter a credit balance |
| Notes Payable | |||
| 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 |
| Common Stock | |||
| 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 |
| 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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting And Finance For Non Specialists
Authors: Eddie McLaney, Peter Atrill
8th Edition
9780273778165
