Selected transactions from the journal of Palm Tree Travel, Inc., are presented below.

(a) Post the transactions to T accounts.
(b) Prepare a trial balance at August 31,2008.

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Datc Account Titles and Explanation Ref. DeCredit Aug. Cash 10,000 Common Stock 10,000 (Investment of cash for stock) 10 Cash 3,900 Service Revenue 3,900 (Received cash for services provided) 12 Computer 4.100 Cash 1.500 2,600 Notes Payable (Purchased computer for cash and notes payable) 25 Accounts Receivable 2,200 Service Revenue 2.200 (Billed for services provided) 31 Cash 1,800 Accounts Receivable 1.800 (Receipt of cash on account)