Selected transactions from the journal of Roberta Mendez, investment broker, are presented below.

Instructions
(a) Post the transactions to T-accounts.
(b) Prepare a trial balance at August 31,2014.

Transcribed Image Text:

DebCredit 5,000 Date Account Titles and Explanation Ref Aug. Cash Common Stock 5,000 (Investment of cash for stock) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services provided) 12 Equipment 5,000 Cash Notes Payable 1,000 4,000 (Purchased office equipment for cash and notes payable) Billed clients for services provided) (Receipt of cash on account) 25 Account Receivable Service Revenue 1,600 1,600 31 Cash 850 Accounts Receivable 850