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Selected transactions from the journal of Baylee Inc. during its

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

Question:

Account Titles Debit Date Credit Aug. 1 Cash 8,000 Common Stock 8,000 Cash 10 1,700 Service Revenue 1,700 Equipment Cash

Instructions

a. Post the transactions to T-accounts.

b. Prepare a trial balance at August 31, 2022.

Transcribed Image Text:

Account Titles Debit Date Credit Aug. 1 Cash 8,000 Common Stock 8,000 Cash 10 1,700 Service Revenue 1,700 Equipment Cash Notes Payable 12 6,200 1,200 5,000 Accounts Receivable 3,400 25 Service Revenue 3,400 Cash 31 600 Accounts Receivable 600

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a b Aug 1 10 31 Bal Cash 8000 Aug 12 1700 600 9100 ...View the full answer

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Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

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

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Question Posted: Jul 09, 2019 01:26 PM

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

Question:

Account Titles Debit Date Credit Aug. 1 Cash 8,000 Common Stock 8,000 Cash 10 1,700 Service Revenue 1,700 Equipment Cash Notes Payable 12 6,200 1,200 5,000 Accounts Receivable 3,400 25 Service Revenue 3,400 Cash 31 600 Accounts Receivable 600

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a b Aug 1 10 31 Bal Cash 8000 Aug 12 1700 600 9100 ...View the full answer

Financial Accounting Tools for Business Decision Making

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