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E2.8 Post journal entries and prepare a trial balance. LO7, 8 Selected transactions from the journal of Ink Pad Printers Lid during its first month
E2.8 Post journal entries and prepare a trial balance. LO7, 8 Selected transactions from the journal of Ink Pad Printers Lid during its first month of operations are presented here: Date Account name Debit Credit Aug. 1 Cash 17 000 Share capital 17 000 10 Cash 12 400 Service revenue 12 400 12 Office equipment 4000 Cash 1 000 Bank loan 3 000 CHAPTER 2 The recording process 119 @ John Wiley & Sons Australia, Lid. Not for resale or distribution. Any unauthorised distribution or use will result in legal action. 25 Accounts receivable 1 500 Service revenue 1 500 31 Cash 600 Accounts receivable 600 Required (a) Post the transactions to T accounts. (b) Prepare a trial balance as at 31 August 2023
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