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Selected transactions from the journal of Oriole Company, are presented below. Date Account Titles and Explanation Aug 1 Debit Cash Credit 34,800 Common Stock (Investment
Selected transactions from the journal of Oriole Company, are presented below. Date Account Titles and Explanation Aug 1 Debit Cash Credit 34,800 Common Stock (Investment of cash for stock) 34,800 10 Cash 15,660 Service Revenue 15,660 (Received cash for services performed) Equipment 12 29,000 Cash 4,640 24,360 Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable 25 9,280 Service Revenue 9.280 (Billed clients for services performed) 31 Cash 5.104 Accounts Receivable 5.104 0.74/1 III Your answer is partially correct. Post the transactions to T-accounts (Post entries in the order displayed in the problem statement) Cash Aug. 1 34800 Aug. 10 15660 Aug 31 5104 Bal. 50924 Accounts Receivable 92480 Aug 25 4176 Bal Equipment 29000 Aug. 12 a V 21 Question 6 of 9 0.74/1 Equipment Aug. 12 29000 Notes Payable Aug. 12 24360 Common Stock Aug. 1 34800 Service Revenue Aug. 10 15660 Aug. 25 9280 Bal. V 24940 e Textbook and Media
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