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Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented here.

Selected transactions from the journal of Skysong, Inc. during its first month of operations are presented here. Date AccountPost the transactions to T-accounts.(Post entries in the order of journal entries presented in the question.) Cash Accounts RPrepare a trial balance at August 31, 2017. SKYSONG, INC. Trial Balance Debit Credit $ List of Accounts

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Answer #1

Answer:

Cash
Aug.1 $6700 Aug.12 $2020
Aug.10 1900
Aug.31 590
Bal. $7170
Accounts receivable
Aug.25 $2910 Aug.31 $590
Bal. $2320
Equipment
Aug.12 $2020
Aug.12 4180
Bal. $6200
Notes payable
Aug.12 $4180
Bal. $4180
Common stock
Aug.1 $6700
Bal, $6700
Service revenue
Aug.10 $1900
Aug.25 2910
Bal. $4810
Trial Balance
August 31, 2017
Debit ($) Credit ($)
Cash 7170
Accounts Receivable 2320
Equipment 6200
Notes payable 4180
Common stock 6700
Service Revenue 4810
15690 15690
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