creste uransactions from the journal of June Swifty, investment broker, are presented as follows. Account Titles and Explanation Date Aug 1 Cash Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue Ref. Debit Credit 6,250 3,250 6,250 2,125 6,250 3,250 2,875 3,375 2,125
creste uransactions from the journal of June Swifty, investment broker, are presented as follows. Account Titles and Explanation Date Aug 1 Cash Owner's Capital (Owner's investment of cash in business) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue Ref. Debit Credit 6,250 3,250 6,250 2,125 6,250 3,250 2,875 3,375 2,125
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please do not give solution in image format thanku
Transcribed Image Text:B
(a)
Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.)
Cash
Accounts Receivable
Equipment
Accounts Receivable
Equipment
Notes Payable
Owner's Capital
Service Revenue
7750
Transcribed Image Text:>
Siete ansactions from the journal of June Swifty, investment broker, are presented as follows.
Date
Aug 1
10
12
25
Account Titles and Explanation
Cash
Owner's Capital
Cash
Service Revenue
(Received cash for services performed)
Equipment
Cash
(Owner's investment of cash in business)
Notes Payable
(Purchased equipment for cash and notes payable)
Accounts Receivable
Service Revenue
10 Cash
12
25
31
Service Revenue
(Received cash for services performed)
Equipment
Cash
Notes Payable
(Purchased equipment for cash and notes payable)
Accounts Receivable
Service Revenue
(Billed clients for services performed)
Cash
Ref.
Accounts Receivable
(Receipt of cash on account)
Debit
6,250
3,250
6,250
2,125
Credit
6,250
3,250
2,875
3,375
2,125
3,250
6,250
2,125
1,125
3,250
2,875
3,375
2,125
1,125
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