Fill out the charts Do It! Review 2-03Tom Rast recorded the following transactions during the month of April.April 3Cash3,400Service Revenue3,400April 16Rent Expense700Cash700April 20Salaries and Wages Expense250Cash250Post these entries to the Cash T-account of the general ledger todetermine the ending balance in cash. The beginning balance in cash onApril 1 was $1,600. (Post entries in the order presented in theproblem statement.)Cash Selected transactions from the journal of June Feldman, investmentbroker, are presented below.DateAccount Titles and ExplanationRef.DebitCreditAug.1Cash5,000Owner's Capital5,000(Owner's investment of cash in business)10Cash2,600Service Revenue2,600(Received cash for services performed)12Equipment5,000Cash2,300Notes Payable2,700(Purchased equipment for cash and notes payable)25Accounts Receivable1,700Service Revenue1,700(Billed clients for services performed)31Cash900Accounts Receivable900(Receipt of cash on account)Post the transactions to T-accounts. (Post entries in the orderpresented in the problem statement.)CashAccounts ReceivableEquipmentNotes PayableOwner's CapitalService Revenue

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Do It! Review 2-03 Tom Rast recorded the following transactions during the month of April. April 3 Cash 3,400 Service Revenue 3,400 April 16 Rent Expense 700 Cash 700 April 20 Salaries and Wages Expense 250 Cash 250 Post these entries to the Cash T-account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $1,600. (Post entries in the order presented in the problem statement.) Cash

Do It! Review 2-03 Tom Rast recorded the following transactions during the month of April. April 3 Cash 3,400 Service Revenue 3,400 April 16 Rent Expense 700 Cash 700 April 20 Salaries and Wages Expense 250 Cash 250 Post these entries to the Cash T-account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $1,600. (Post entries in the order presented in the problem statement.) Cash

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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