Selected transactions from the journal of Galaxy Inc. during its first month of operations are presented here.

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Instructions(a) Post the transactions to T accounts.(b) Prepare a trial balance at August 31,2012.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

Question Posted: Sep 21, 2011 02:07 PM

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Selected transactions from the journal of Galaxy Inc. during its first month of operations are presented here.

Question:

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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a Cash Aug 1 8000 10 1700 31 600 Aug 12 1200 Bal 9...View the full answer

Financial Accounting Tools for business decision making

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