Question

The transactions of the Got It Now Store are recorded in the general journal below. General Journal Date Account Titles and Explanation Debit Credit 2021 Aug 5 Accounts Receivable 2,800 ​ Service Revenue 2,800 10 Cash 3,000 ​ Service Revenue 3,000 19 Rent Expense 1,000 ​ Cash 1,000 25 Cash 1,400 ​ Accounts Receivable 1,400 Instructions Post the journal entries to the following T accounts and calculate the August 31 balances. General Ledger

Answer 1

Cash Date 8/19 Amount 1,000 Date 8/10 8/25 8/31 Bal. Amount 3,000 1,400 3,400 Date Service revenue Amount Date 8/5 8/10 8/31 Bal. Amount 2,800 3,000 5,800 Date 8/5 8/31 Bal. Accounts receivable Amount Date 2,800 8/25 1,400 Amount 1,400 Amount Amount Date 8/19 8/31 Bal. Rent expense Date 1,000 1,000

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