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

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

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Financial Accounting

ISBN: 9781118334324

9th Edition

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

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Question Posted: Feb 17, 2014 10:49 AM

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

Question:

Date Account Titles and ExplanationRef. Debit Credit May 5Accounts Receivable 5,000 Service Revenue 5,000 (Billed for services performed) 12 Cash 2,100 Accounts Receivable 2,100 (Received cash in payment of account) 15 Cash 3,200 Service Revenue 3,200 (Received cash for services performed)

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512 2100 515 3200 Ending Bal ...View the full answer

Financial Accounting

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