Answered

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Selected transactions for the Joel Berges Company are presented in journal form below.

Date Account Titles and Explanation Ref. Debit Credit
5-May Accounts Receivable 4,100
      Service Revenue 4,100
        (Billed for services performed)
12 Cash 2,400
     Accounts Receivable 2,400
       (Received cash in payment of account)
15 Cash 3,000
     Service Revenue 3,000
        (Received cash for services performed)

Required:
Post the transactions to T-accounts and determine each account's ending balance.

Sagot :

Tundexi

Answer:

1.                             Cash

Date            Amount      Date      Amount

12 May         $2,400

15 May         $3,000

Ending Bal. $5,400

2.                Account Receivables

Date            Amount      Date      Amount

5 May          $4,100        12 May    $2,400

                                      Bal C/D   $1,700

                    $4,100                        $4,100

Ending Bal. $1,700

3.                  Service Revenue

Date            Amount      Date      Amount

                                        5 May     $4,100

                                        15 May    $3,000

                                        End Bal. $7,100

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