Question

Question 5 of 6 < - /5 E View Policies Current Attempt in Progress Selected transactions from the journal of Kingbird, Inc. during its first month of operations are presented here. Account Titles Debit Credit Date Aug 1 Cash 7,800 7,800 10 1,750 1.750 12 6,600 Common Stock Cash Service Revenue Equipment Cash Notes Payable Accounts Receivable Service Revenue Cash Accounts Receivable 1,700 4,900 25 2,810 2,810 31 730 730 (a) Post the transactions to T-accounts. (Post entries in the order of Journal entries presented in the question.)

Answer 1

1,700 Common Stock Service Revenue Accounts Receivable Cash 7,800 Equipment 1,750 730 Balance c/d 8,580 10,280 10,280 Service Revenue 730 Accounts Receivable 2,810 Cash Balance c/d 2,810 2,080 2,810 Equipment 1,700 Balance c/d 4,900 Cash Notes Payable 6,600 6,600 6,600 Notes Payable 4,900 Equipment Balance c/d 4,900 4,900 4,900 Common Stock 7,800 Cash Balance c/d 7,800 7,800 7,800 Profit and loss a/c Service Revenue 4,560 Cash Accounts Receivable 1,750 2,810 4,560 4,560

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