The following selected transactions for Kingbird, Inc. are presented in journal form. Date May 5 12 15 5/12 5/15 5/5 Accounts Receivable Service Revenue (Billed for services performed) 5/5 Cash 5/15 Account Titles and Explanation Accounts Receivable (Received cash in payment of account) Ending Bal. Cash Service Revenue (Received cash for services performed) Ending Bal. Ending Bal. Post the transactions to T-accounts. Make one T-account for each item and determine each account's ending balance. (Post entries in the order displayed in the problem.) 2120 3000 5120 Cash 5080 Accounts Receivable 3680 Ref. 5080 3000 Service Revenue 8080 Debit 5,080 5/12 2,120 3,000 J1 Credit 5,080 2,120 JUL 3,000 1590
The following selected transactions for Kingbird, Inc. are presented in journal form. Date May 5 12 15 5/12 5/15 5/5 Accounts Receivable Service Revenue (Billed for services performed) 5/5 Cash 5/15 Account Titles and Explanation Accounts Receivable (Received cash in payment of account) Ending Bal. Cash Service Revenue (Received cash for services performed) Ending Bal. Ending Bal. Post the transactions to T-accounts. Make one T-account for each item and determine each account's ending balance. (Post entries in the order displayed in the problem.) 2120 3000 5120 Cash 5080 Accounts Receivable 3680 Ref. 5080 3000 Service Revenue 8080 Debit 5,080 5/12 2,120 3,000 J1 Credit 5,080 2,120 JUL 3,000 1590
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 21MC: You just posted a debit to ABC Co. in the accounts receivable subsidiary ledger. Which special...
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
Transcribed Image Text:The following selected transactions for Kingbird, Inc. are presented in journal form.
Date
May 5
12
15
5/12
5/15
5/5
Accounts Receivable
5/5
Service Revenue
(Billed for services performed)
5/15
Account Titles and Explanation
Cash
Accounts Receivable
(Received cash in payment of account)
Ending Bal.
Cash
Service Revenue
(Received cash for services performed)
Ending Bal.
Post the transactions to T-accounts. Make one T-account for each item and determine each account's ending balance.
(Post entries in the order displayed in the problem.)
Ending Bal.
2120
3000
5120
Cash
5080
Accounts Receivable
3680
Ref. Debit
5,080
5080
3000
Service Revenue
8080
2,120
5/12
3,000
J1
Credit
5,080
2,120
JUML
3,000
1590
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