Selected transactions from the journal of Consuela Brown, investment broker, are presented below.Instructions(a) Post the transactions to
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Selected transactions from the journal of Consuela Brown, investment broker, are presented below.Instructions(a) Post the transactions to T accounts.(b) Prepare a trial balance at August 31,2012.
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Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 5,000 Owner's Capital (Owner's investment of cash in business) 5,000 10 Cash 2,400 Service Revenue 2.400 (Received cash for services provided) Equipment Cash 12 5,000 3,000 Notes Payable (Purchased equipment for cash and notes payable) 2,000 25 Accounts Receivable 1,700 Service Revenue 1.700 (Billed clients for services provided) Cash 31 900 Accounts Receivable 900 (Receipt of cash on account)
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a Cash Aug 1 5000 Aug 12 3000 10 2400 31 900 Bal 5300 Accounts Receivable Aug 25 1700 Aug 31 900 Ba...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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