Exercise 2-9 (Part Level Submission) Selected transactions from the journal of Kati Tillman, investment broker, are...

 

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Exercise 2-9 (Part Level Submission) Selected transactions from the journal of Kati Tillman, investment broker, are presented below. Date Aug. 1 Account Titles and Explanation Cash 10 Cash 25 31 12 Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable Service Revenue (Billed clients for services performed) Common Stock (Investment of cash for stock) Cash ▼ T Service Revenue (Received cash for services performed) ▼ ▼ Accounts Receivable (Receipt of cash on account) Cash Accounts Receivable Equipment Notes Payable Common Stock (a) Post the transactions to T-accounts. (Post entries in the order displayed in the problem statement.) Service Revenue ▼ ▼ Debit Credit 25,800 ▼ 11,610 21,500 6,880 3,784 25,800 11,610 3,440 18,060 6,880 3,784 Exercise 2-9 (Part Level Submission) Selected transactions from the journal of Kati Tillman, investment broker, are presented below. Date Aug. 1 Account Titles and Explanation Cash 10 Cash 25 31 12 Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable Service Revenue (Billed clients for services performed) Common Stock (Investment of cash for stock) Cash ▼ T Service Revenue (Received cash for services performed) ▼ ▼ Accounts Receivable (Receipt of cash on account) Cash Accounts Receivable Equipment Notes Payable Common Stock (a) Post the transactions to T-accounts. (Post entries in the order displayed in the problem statement.) Service Revenue ▼ ▼ Debit Credit 25,800 ▼ 11,610 21,500 6,880 3,784 25,800 11,610 3,440 18,060 6,880 3,784

Answer rating: 100% (QA)

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