Selected transactions from the journal of Gipson Inc. during its first month of operations are presented here.

Instructions
(a) Post the transactions to T accounts.
(b) Prepare a trial balance at August 31,2010.

Transcribed Image Text:

DebitCredit 5,000 1,700 1,200 Date Account Titles 5,000 1,700 6,200 Aug. 1 Cash Common Stock Service Revenue Cash 10 Cash 12 Office Equipment Notes Payable Service Revenue Accounts Receivable 5,000 3,100 600 25 Accounts Receivable 3,100 31 Cash 600