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Selected transactions from the journal of June Feldman, investment broker, are presented below. J1 Credit Ref. Date Aug. Debit 5,000 1 5,000 10 2,600 2,600
Selected transactions from the journal of June Feldman, investment broker, are presented below.
J1 Credit Ref. Date Aug. Debit 5,000 1 5,000 10 2,600 2,600 12 5,000 General Journal Account Titles and Explanation Cash Owner's Capital (Owner's investment of cash in business) Cash Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 2,300 2.700 25 1.700 1,700 31 900 900 Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Cash Aug. 1 Accounts Receivable Equipment Notes Payable Owner's Capital Service Revenue Prepare a trial balance at August 31, 2022. JUNE FELDMAN, INVESTMENT BROKER Trial Balance Debit Credit $ $ Totals $ $ UFStep by Step Solution
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