Selected transactions from the journal of June Feldman, investment broker, are presented below.

Instructions
(a) Post the transactions to T-accounts.
(b) Prepare a trial balance at August 31,2017.

Transcribed Image Text:

Date Account Titles and Explanation Ref. Debit Credit Aug. Cash 5,000 Owner's Capital 5,000 (Owner's investment of cash in business) 0 Cash 2,600 Service Revenue 2,600 (Received cash for services performed) 12 Equipment 5,000 Cash Notes Payable 2,300 2,700 (Purchased equipment for caslh and notes payable) 25 Accounts Receivable 1,700 Service Revenue 1,700 (Billed clients for services performed) 31 Cash 900 Accounts Receivable 900 (Receipt of cash on account)