Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts. Date Account name Debit Credit May 5 Accounts receivable 13 200 Service revenue 13 200 12 Cash 12 400 Accounts receivable 12 400 15 Cash 12 000 Service revenue 12 000

Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts. Date Account name Debit Credit May 5 Accounts receivable 13 200 Service revenue 13 200 12 Cash 12 400 Accounts receivable 12 400 15 Cash 12 000 Service revenue 12 000

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

Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts.

Date	Account name	Debit	Credit
May	5	Accounts receivable	13 200
		Service revenue		13 200
	12	Cash	12 400
		Accounts receivable		12 400
	15	Cash	12 000
		Service revenue		12 000

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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Need help on figuring out what to put for account/explanation for the journal entry