Selected journal entries for the Walt Bryce Company are presented in BE2.7. Post the transactions using the
Question:
BE2.7
Selected transactions for the Walt Bryce Company are presented in journal form below. Post the transactions to T-accounts. Make one T-account for each item and determine each accounts ending balance.
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J1 Account Titles and Explanation Debit Date Ref. Credit 5 May Accounts Receivable 5,400 5,400 Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Cash 4,200 12 4,200 3,000 15 3,000 Service Revenue (Received cash for services performed)
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Date Explanation Ref Debit Credit Balance May12 J1 420...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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