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Selected transactions for the Nikolai Company are presented in journal form below. J1 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts

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Selected transactions for the Nikolai Company are presented in journal form below. J1 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,000 Service Revenue 5,000 (Billed for services performed). 12 12 Cash Accounts Receivable 2,100 2,100 (Received cash in payment of account) 15 Cash Service Revenue (Received cash for services performed) 3,200 3,200

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