Instructions The following selected transactions were completed during August of the current year: Transactions Aug 4 Billed customers for fees earned $74,310 Purchased supplies on account, $2,000 Received cash from customers on account, $62,770. Paid creditors on account, $900. 8 11 Required: A. Journalize these transactions in a two-column journal. Refer to the T-Accounts for exact wording of account titles. B. Post the entries prepared in (A) to the following Taccounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Eamed. To the Check My Work Instructions Aug 1 4 Billed customers for fees earned, $74,310. Purchased supplies on account, $2,000 Received cash from customers on account, $62,770 Paid creditors on account, $900. 8 11 Required: A. Journalize these transactions in a two-column journal. Refer to the T-Accounts for exact wording of account titles. B. Post the entries prepared in (A) to the following Taccounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate date. C. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean that an error has occurred? Previous Next > Check My Work