Question: Post journal entries and prepare a trial balance E2-11 Selected transactions from the journal of Kati Tillman, investment broker, are pre- sented below. LO 3,
Post journal entries and prepare a trial balance E2-11 Selected transactions from the journal of Kati Tillman, investment broker, are pre- sented below. LO 3, 4) Date Account Titles and Explanation Ref. Debit Credit Aug. Cash 6,000 Common Stock 6,000 (Issued common stock for cash) 10 Cash 2,700 Service Revenue 2,700 Received cash for services performed) 2 Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) 5,000 800 4,200 25 Account Receivable Service Revenue 1,600 1,600 (Billed clients for services performed) 31 Cash 880 Accounts Receivable (Receipt of cash on account) 880 Exercises 85 Instructions (a) Post the transactions to T-accounts. (b) Prepare a trial balance at August 31, 2019
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
