Transactions from the journal of June Feldman, investment broker, are presented below:

Instructions

a. Post the transactions to T accounts.

b. Prepare the trial balance at August 31, 2021.

Transcribed Image Text:

Account Titles and Explanation Ref Debit Credit Date Cash Aug. 1 5,000 J. Feldman, Capital Owner's investment of cash in business. 5,000 Cash 10 2,600 Service Revenue 2,600 Received cash for services performed. 12 Equipment Cash 5,000 2,300 Notes Payable Purchased equipment for cash and notes payable. 2,700 Accounts Receivable 25 1,700 Service Revenue 1,700 Billed clients for services performed. Cash 31 900 Accounts Receivable 900 Received cash on account.