Question
Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 5,100 Owner's
Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 5,100 Owner's Capital 5,100 (Owners investment of cash in business) 10 Cash 2,652 Service Revenue 2,652 (Received cash for services performed) 12 Equipment 5,100 Cash 2,346 Notes Payable 2,754 (Purchased equipment for cash and notes payable) 25 Accounts Receivable 1,734 Service Revenue 1,734 (Billed clients for services performed) 31 Cash 918 Accounts Receivable 918 (Receipt of cash on account) Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Cash Accounts Receivable Equipment Notes Payable Owners Capital Service Revenue Prepare a trial balance at August 31, 2017. JUNE FELDMAN, INVESTMENT BROKER Trial Balance Debit Credit $ $ Totals $ $
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