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Exercise 3-17 Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here
Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts
Common Stock Service Revenue
Prepare a trial balance at August 31, 2022. METLOCK, INC. Trial Balance Debit Credit Hly
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Answer #1

T account

Cash
Aug 1 9000 Aug 12 1540
Aug 10 1400
Aug 31 750
Aug 31 Bal 9610
Account receivable
Aug 25 2570 Aug 31 750
Aug 31 Bal 1820
Equipment
Aug 12 5600
Aug 31 Bal 5600
Notes payable
Aug 12 4060
Aug 31 4060
Common Stock
Aug 1 9000
Aug 31 9000
Service revenue
Aug 10 1400
Aug 25 2570
Aug 31 3970

Trial balance

August 31,2022

Debit Credit
Cash 9610
Account receivable 1820
Equipment 5600
Notes payable 4060
Common Stock 9000
Service revenue 3970
Total 17030 17030
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