Problem

Sherman Lawn Service completed the following transactions during August: Requir...

Sherman Lawn Service completed the following transactions during August:

Requirements

1. Open T-accounts in the ledger: Cash; Accounts receivable; lawn supplies; Equipment; Accounts payable; Hannah Sherman, Capital; Service revenue; Fuel expense.

2. Journalize the transactions. Explanations are not required.

3. Post to the T-accounts. Key all items by date, and denote an account balance as Bal. Formal posting references are not required.

4. Prepare a trial balance at August 31, 2009.

Step-by-Step Solution

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