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, 2022.

Transcribed Image Text:

General Journal J1 Account Titles and Explanation Ref. Debit Credit Date Cash 5,000 Aug. 1 Owner's Capital 5,000 (Owner's investment of cash in business) 2,600 10 Cash Service Revenue 2,600 (Received cash for services performed) 12 Equipment 5,000 2,300 Cash 2,700 Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable 1,700 Service Revenue 1,700 (Billed clients for services performed) 31 Cash 900 900 Accounts Receivable (Receipt of cash on account)