Selected transactions for the Gilles Company are presented in journal form below. Post the transactions to T-accounts.

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Selected transactions for the Gilles Company are presented in journal form below. Post the transactions to T-accounts. Make one T-account for each item and determine each account€™s endingbalance.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 03:53 AM

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Selected transactions for the Gilles Company are presented in journal form below. Post the transactions to T-accounts.

Question:

J1 Ref. Debit Credit 5,000 Date Account Titles and Explanation May 5 Accounts Receivable Service Revenue 5,000 (Billed for services provided) 12 Cash 2,100 Accounts Receivable 2,100 Received cash in payment of account) 15 Cash 3,000 Service Revenue 3,000 Received cash for services provided)

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Cash Service Revenue 512 2100 55 ...View the full answer

Financial and managerial accounting

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