The following selected transactions for Sheffield Bryce Company are presented in journal form. Date May 5 12 15 Account Titles and Explanation Accounts Receivable Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Cash Service Revenue (Received cash for services performed) Ref. Debit 5,200 4,500 3,400 J1 Credit 5,200 4,500 3,400

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
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Post the transactions to T-accounts and determine each account's ending balance. (Post entries in the order presented in the problem
statement.)
Cash
Accounts Receivable
Service Revenue
Transcribed Image Text:Post the transactions to T-accounts and determine each account's ending balance. (Post entries in the order presented in the problem statement.) Cash Accounts Receivable Service Revenue
The following selected transactions for Sheffield Bryce Company are presented in journal form.
Date
May 5
12
15
Account Titles and Explanation
Accounts Receivable
Service Revenue
(Billed for services performed)
Cash
Accounts Receivable
(Received cash in payment of account)
Cash
Service Revenue
(Received cash for services performed)
Ref. Debit
5,200
4,500
3,400
J1
Credit
5,200
4,500
3,400
Transcribed Image Text:The following selected transactions for Sheffield Bryce Company are presented in journal form. Date May 5 12 15 Account Titles and Explanation Accounts Receivable Service Revenue (Billed for services performed) Cash Accounts Receivable (Received cash in payment of account) Cash Service Revenue (Received cash for services performed) Ref. Debit 5,200 4,500 3,400 J1 Credit 5,200 4,500 3,400
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