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Question 3: (5 marks) Selected transactions from the journal of Alhekma Company are presented below Intres Post the transactions to accounts (3 marks each case
Question 3: (5 marks) Selected transactions from the journal of Alhekma Company are presented below Intres Post the transactions to accounts (3 marks each case 0.5 mark) Prepare a trial balance at August 31, 2017. marks) Cash Note Payable Accounts Receivable Service Revenue Owner's Capital Equipment Alha Company Trial Balance September 30, 20:30 Debit Credit Question 3: (5 marks) Selected transactions from the journal of Alhekma Company are presented below Date Account Titles and Explanation Aug. 1Cash Owner's Capital (Owner's investment of cash in Business) Ref Debit Credit 6,000 6,000 .700 Cash Service Revenue (Received cash for services performed) 1,700 6,000 Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) 1,000 5,000 2.500 Accounts Receivable Service Revenue (Billed clients for services performed) 2,500 500 Cash Accounts Receivable (Receipt of cash on account) Instructions a. Post the transactions to T accounts. (3 marks: each case 0.5 mark) b. Prepare a trial balance at August 31, 2017. (2 marks) Cash Note Payable Accounts Receivable Service Revenue Owner's Capital Equipment Alhekma Company Trial Balance September 30, 2020 Accounts Debit Credit
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