Question

Selected transactions from the journal of Marin Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug Cash 7,800 Common Stock 7,800 10 Cash 1,050 Service Revenue 1,050 12 Equipment 6,250 Cash 2,010 Notes Payable 4,240 25 Accounts Receivable 3,450 Service Revenue 3,450 31 Cash 430 Accounts Receivable 430 Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.) 20

Answer 1

Cash
Aug-01	$      7,800	Aug-12	$        2,010
Aug-10	$      1,050
Aug-31	$          430
Bal	$      7,270
Account receivables
Aug-25	$      3,450	Aug-31	$           430
Bal	$      3,020
Equipment
Aug-12	$      6,250
Bal	$      6,250
Notes Payable
		Aug-12	$        4,240
		Bal	$        4,240
Commom stock
		Aug-01	$        7,800
		Bal	$        7,800
Service revenue
		Aug-10	$        1,050
		Aug-25	$        3,450
		Bal	$        4,500