Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles...
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Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 6,350 Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes 31 payable) 25 Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 3,302 6,350 2,159 1,143 6,350 3,302 2,921 3,429 2,159 1,143 Post the transactions to T-accounts. (Post entries in the order presented in the Aug. 1 > Aug. 10 Aug. 31 Bal. Aug. 25 X Aug. 31 Aug. 12 Aug. 12 ▼ Aug. 1 [>] X Cash 6350 3302 1143 13716 Accounts Receivable 2159 1143 Aug. 12 Equipment 6350 Notes Payable 3429 Owner's Capital 6350 Service Revenue Aug. 10 Aug. 25 ▼ Bal. ▼ 2921 3302 2159 5461 Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 6,350 Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes 31 payable) 25 Accounts Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) 3,302 6,350 2,159 1,143 6,350 3,302 2,921 3,429 2,159 1,143 Post the transactions to T-accounts. (Post entries in the order presented in the Aug. 1 > Aug. 10 Aug. 31 Bal. Aug. 25 X Aug. 31 Aug. 12 Aug. 12 ▼ Aug. 1 [>] X Cash 6350 3302 1143 13716 Accounts Receivable 2159 1143 Aug. 12 Equipment 6350 Notes Payable 3429 Owner's Capital 6350 Service Revenue Aug. 10 Aug. 25 ▼ Bal. ▼ 2921 3302 2159 5461
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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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