Question E2.11 (LO 3, 4), AP Selected transactions from the journal of Kati Tillman, investment broker, are presented as follows. Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 6,000 Common Stock 6,000 (Issued common stock for cash) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services performed) 12 Equipment 5,000 Cash 80 Notes Payable 4,200 (Purchased office equipment for cash and notes payable) 25 Account Receivable 1,600 Service Revenue 1,600 (Billed clients for services performed) 31 Cash 880 Accounts Receivable 880 (Receipt of cash on account) Instructions a. Post the transactions to T-accounts. b. Prepare a trial balance at August 31, 2022. Answer а. Cash Accounts Receivable Equipment Notes Payable Common Stock Service Revenue b. Kati Tillman Trial Balance August 31, 2022 Account Debit Credit Totale

Question E2.11 (LO 3, 4), AP Selected transactions from the journal of Kati Tillman, investment broker, are presented as follows. Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 6,000 Common Stock 6,000 (Issued common stock for cash) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services performed) 12 Equipment 5,000 Cash 80 Notes Payable 4,200 (Purchased office equipment for cash and notes payable) 25 Account Receivable 1,600 Service Revenue 1,600 (Billed clients for services performed) 31 Cash 880 Accounts Receivable 880 (Receipt of cash on account) Instructions a. Post the transactions to T-accounts. b. Prepare a trial balance at August 31, 2022. Answer а. Cash Accounts Receivable Equipment Notes Payable Common Stock Service Revenue b. Kati Tillman Trial Balance August 31, 2022 Account Debit Credit Totale

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 Completion Moving to another question will save this response. Question 6 AMA Company's bank statement for 31st December 2021 showed a cash balance of $2750. The company's Cash account in its general ledger showed a $2000 debit balance. The following information was also available as of December 31st a. A $900 NSF check from a customer, J. Steel is shown on the bank statement but not yet recorded by the company. b. The December 31st cash receipts, $3,250, were placed in the bank's night depository after banking hours and this amount did not appear on the December 31st bank statement. c. A $59 debit memorandum for checks Book deducted by the bank. d. Outstanding checks amounted to $2,339. e. A customer's note for $2,790 was collected by the bank. A collection fee of $20 was deducted by the bank and the difference was deposited in the account. f. The bank erroneously deducts a check for $150 by mistake. Required: Prepare a bank reconciliation as of December 31st format: W
Make a ledger account with this journal entry.
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Need help on figuring out what to put for account/explanation for the journal entry
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