The following selected transactions for Kingbird, Inc. are presented in journal form.DateMay 512155/125/155/5Accounts Receivable5/5Service Revenue(Billed for services performed)5/15Account Titles and ExplanationCashAccounts Receivable(Received cash in payment of account)Ending Bal.CashService 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.212030005120Cash5080Accounts Receivable3680Ref. Debit5,08050803000Service Revenue80802,1205/123,000J1Credit5,0802,120JUML3,0001590

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Description: The following selected transactions for Kingbird, Inc. are presented in journal form.DateMay 512155/125/155/5Accounts Receivable5/5Service Revenue(Billed for services performed)5/15Account Titles and ExplanationCashAccounts Receivable(Received cash

Journal entries are those which are recorded for every transaction which takes place during the…

Business

Accounting

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

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter11: Accounting For Purchases And Cash Payments

Section: Chapter Questions

Problem 3CE

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