This problem can be used in conjunction with Problem 2-65B. Refer to Problem 2-65B. Requirements 1. Journalize

Question:

This problem can be used in conjunction with Problem 2-65B. Refer to Problem 2-65B.

Requirements
1. Journalize the transactions of Davis Resources, Inc. Explanations are not required.
2. Prepare T-accounts for each account. Insert in each T-account its May 31 balance as given (example: Cash $1,050). Then, post the June transactions to the T-accounts.
3. Compute the balance in each account.