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. 2006.

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Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 3.000 Common Stock 3,000 (Investment of cash for stock) 10 Cash 2.400 Service Revenue 2.400 (Received cash for services provided) 12 Office Equipment 5.000 Cash 1.000 Notes Payable 4,000 (Purchased office equipment for cash and notes payable) 25 Accounts Receivable 1.600 Service Revenue 1,600 (Billed for services provided) 31 Cash 900 Accounts Receivable 900 (Receipt of cash on account)