Prepare ledger account forms like the ones in Exhibit 2-5 for the following accounts: Cash (111), Accounts

Question:

Prepare ledger account forms like the ones in Exhibit 2-5 for the following accounts: Cash (111), Accounts Receivable (113), and Service Revenue (411). Post the transactions that are recorded in SE 9 to the ledger accounts for 2011, at the same time making the proper posting references. Also prepare a trial balance.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...