Selected transactions from the journal of Blue Spruce Corp., are presented as follows. Account Titles and Explanation Cash Date Aug. 1 10 12 25 31 Common Stock Cash (Issued common stock for cash) Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) Debit 5,790 2,690 5,230 1,540 960 Credit 5,790 2,690 760 4,470 1,540 960
Selected transactions from the journal of Blue Spruce Corp., are presented as follows. Account Titles and Explanation Cash Date Aug. 1 10 12 25 31 Common Stock Cash (Issued common stock for cash) Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) Debit 5,790 2,690 5,230 1,540 960 Credit 5,790 2,690 760 4,470 1,540 960
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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DO NOT GIVE SOLUTION IN IMAGE

Transcribed Image Text:Selected transactions from the journal of Blue Spruce Corp., are presented as follows.
Account Titles and Explanation
Cash
Date
Aug. 1
10
12
25
31
Common Stock
Cash
(Issued common stock for cash)
Service Revenue
(Received cash for services performed)
Equipment
Cash
Notes Payable
(Purchased office equipment for cash and notes payable)
Account Receivable
Service Revenue
(Billed clients for services performed)
Cash
Accounts Receivable
(Receipt of cash on account)
Debit
5,790
2,690
5,230
1,540
960
Credit
5,790
2,690
760
4,470
1,540
960

Transcribed Image Text:(b)
Prepare a trial balance at August 31, 2022.
Totals
Textbook and Media
Blue Spruce Corp.
Trial balance
Debit
Credit
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