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PLEASE CORRECT THE RED Selected transactions from the journal of Kati Tillman, investment broker, are presented below. th Date Account Titles and Explanation Ref. Debit
PLEASE CORRECT THE RED
Selected transactions from the journal of Kati Tillman, investment broker, are presented below. th Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 47,100 47,100 Common Stock (Investment of cash for stock) 21,195 10 Cash Service Revenue 21,195 (Received cash for services performed) 39,250 12 Equipment Cash 6,280 Notes Payable 32,970 (Purchased office equipment for cash and notes payable) 25 Account Receivable 12,560 12,560 Service Revenue (Billed clients for services performed) 31 Cash 6,908 Accounts Receivable 6,908 (Receipt of cash on account)Step by Step Solution
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