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Post information to T-Accounts (3pts): T.A.R.D.I.S. Co. is a firm that provides travel services to customers. The beginning balance of all accounts listed in
Post information to T-Accounts (3pts): T.A.R.D.I.S. Co. is a firm that provides travel services to customers. The beginning balance of all accounts listed in their general ledger as of June 1st is: Cash: $270,000; A/R: $107,000; Accounts Payable (A/P): $71,000; Retained Earnings: $206,000; Common Stock: $100,000. Assume all other accounts have a beginning balance of $0 as of June 1st. The following transactions were then recorded in the firm's general journal during the month of June: 1-Jun Accounts Receivable Service Revenue to record revenue from services provided $ 345,500 $ 345,500 2-Jun Equipment Accounts Payable to record purchase of equipment on account $ 35,000 $ 35,000 2-Jun Cash Notes Payable $ 80,000 $ 80,000 to record cash borrowed from bank 6-Jun Cash $ 47,300 Deferred Revenue $ 47,300 to record cash received from customers in advance
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