Question

Bookmarks Window Hei Edit View History eo ed transa WileyPLUS Reture to Blackboard US Weygandt, Accounting Principles, 12 Help System Announcements (1 Unread & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment TIMER RCES Question 4 Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 5,000 Owner's Capital 5,000 (Owner's Investment of cash in business) 10 Cash 2,600 Service Revenue 2,600 (Received cash for services performed) Equipment 5,000 Cash 2,300 Notes Payable 2,700 (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue 1,700 (Billed clients for services performed) 1,700 31 Cash Accounts Receivable 900 900 12 (Receipt of cash on account) Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) to 2000-2020. John Wiley Sons, Inc. All Rights Reserved. A Division of lohn Wiley & Sons, Inc.

Answer 1

Cash A/c

Owner's Capital Account	5000
Service Revenue Account	2600
Equipment Account		2300
Account Receivable	900

Owner's Capital Account

Cash Account	....	5000

Service Revenue Account

Cash account	........	2600
Account Receivable		1700

Equipment Account

Cash Account	2300	......
Note payable Account	2700

Note Payable Account

Equipment Account	........	2700

Account Receivable

Service Revenue	1700
Cash Account		900

Trial Balance

	Debit	Credit
Cash	6200
Account Payable	0	0
Equipment	5000
Note payable		2700
Owner's Capital		5000
Service Revenue		4300
Account Receivable	800
Total	12000	12000