Selected transactions for Carlos Santana Company are presented in journal form below. Post the transactions to T-accounts.
Question:
Selected transactions for Carlos Santana Company are presented in journal form below. Post the transactions to T-accounts. Make one T-account for each account and determine each account's ending balance.
Identify accounts to be debited and credited.
Transcribed Image Text:
Date June 6 13 14 Cash Account Titles and Explanation Common Stock (Stockholders' investment of cash in business) Accounts Receivable Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Ref. Debit 22,000 8,200 3,700 J1 Credit 22,000 8,200 3,700
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66 614 Bal Cash 22000 3700 25...View the full answer
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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