The following transactions are from Farman Company’s book. DateAccount TitlesDebitCreditApril 1Cash Capital60,000 60,000April 5CashAccounts Receivable Service Revenue7,0003,000 10,000April 6Office Equipment Cash Notes Payable35,000 30,0005,000April 8Account Receivable Service Revenue8,000 8,000April 22Cash Account Receivable1,500 1500Instructions:Post transactions to ledger by using the standard formPrepare a trial balance at April 30, 2019

1. Post transactions to ledger accounts as shown below:

Answered: Post transactions to ledger by using…

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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Question

The following transactions are from Farman Company’s book.

Date	Account Titles	Debit	Credit
April 1	Cash Capital	60,000	60,000
April 5	Cash Accounts Receivable Service Revenue	7,000 3,000	10,000
April 6	Office Equipment Cash Notes Payable	35,000	30,000 5,000
April 8	Account Receivable Service Revenue	8,000	8,000
April 22	Cash Account Receivable	1,500	1500

Instructions:

Post transactions to ledger by using the standard form
Prepare a trial balance at April 30, 2019

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