Question: Selected transactions from the journal of Galaxy Inc. during its first month of operations are presented here. Instructions(a) Post the transactions to T accounts.(b) Prepare

Selected transactions from the journal of Galaxy 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 31,2012.

Account Titles Credit Debit 8,000 Date Aug. Cash Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable 8,000 10 1,700 1,700 12 6,200 1,200 25 3,400 3,400 31 600 600

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