Question

Exercise 2-11 a-b (Video) Selected transactions from the Journal of June Feldman, Investment broker, are presented below. Ref. Credit Debit 6,550 6,550 3,406 3,406 6,550 3,013 3,537 Date Account Titles and Explanation Aug. 1 Cash 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 payable) 25 Accounts Receivable Service Revenue (illed dients for services performed) 31 Cash Accounts Receivable (Receipt of cash on account) 2,227 170 1.179 Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Cash 1 Aug. 6550 550 Aug 12 3406 Aug. l. 1179 Aug. 31 Eco Raceivable Aug. 12 WileyPuus. Google

Answer 1

Cash a/c

Date	Particulars	Amount	Date	Particulars	Amount
Aug 1	To owner's capital a/c	6550	Aug 12	By equipment a/c	3013
Aug 10	To service revenue a/c	3406	Aug 31	By balance c/d	8122
Aug 31	To accounts receivable a/c	1179
		11135			11135

Accounts Receivable A/C

Date	Particulars	Amount	Date	Particulars	Amount
Aug 25	To service revenue a/c	2227	Aug 31	By cash a/c	1179
			Aug 31	By balance c/d	1048
		2227			2227

Equipment A/C

Date	Particulars	Amount	Date	Particulars	Amount
Aug 12	To cash a/c	3013	Aug 31	By balance c/d	6550
Aug 12	To notes payable a/c	3537
		6550			6550

Notes payable A/C

Date	Particulars	Amount	Date	Particulars	Amount
Aug 31	To balance c/d	3537	Aug 12	By equipment a/c	3537
		3537			3537

Owner's capitalA/C

Date	Particulars	Amount	Date	Particulars	Amount
Aug 31	To balance c/d	6550	Aug 1	By cash a/c	6550
		6550			6550

Service revenue A/C

Date	Particulars	Amount	Date	Particulars	Amount
Aug 31	To balance c/d	5633	Aug 10	By cash a/c	3406
			Aug 25	By accounts receivable a/c	2227
		5633			5633

Trial Balance at August 31 2020

Particulars	Debit amount	Credit amount
Cash	8122
Accounts receivable	1048
Equipment	6550
Notes payable		3537
Owner's capital		6550
Service revenue		5633
Total	15720	15720