Selected transactions from the journal of Kati Tillman, investment broker, are presented below.

Instructions
(a) Post the transactions to T-accounts.
(b) Prepare a trial balance at August 31, 2019.

Transcribed Image Text:

Date Account Titles and Explanation Ref. Deb Credit Aug. Cash 6,000 Common Stock 6,000 (Issued common stock for cash) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services performed) 12 Equipment 5,000 Cash Notes Payable 800 4,200 (Purchased office equipment for cash and notes payable) 25 Account Receivable Service Revenue 1,600 1,600 (Billed clients for services performed) 31 Cash 880 Accounts Receivable 880 (Receipt of cash on account)