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Post journal entries and prepare a trial balance E2.11 (LO 3, 4) Selected transactions from the journal of Kati Tillman, investment broker, are presented below.
Post journal entries and prepare a trial balance E2.11 (LO 3, 4) Selected transactions from the journal of Kati Tillman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit 6,000 Aug. 1 Cash Common Stock 6,000 (Issued common stock for cash) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services performed) 12 Equipment 5,000 Cash 800 Notes Payable 4,200 (Purchased office equipment for cash and notes payable) 25 Account Receivable 1,600 Service Revenue (Billed clients for services performed) 1,600 31 Cash 880 Accounts Receivable (Receipt of cash on account) 880 Instructions a. Post the transactions to T-accounts. b. Prepare a trial balance at August 31, 2020
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