Question

The transactions of the Marigold Store are recorded in the general journal below. Date Account Titles and Explanation Debit Credit 2022 Aug. 5 Accounts Receivable 2,700 Service Revenue 2,700 10 Cash 4,800 Service Revenue 4,800 19 Rent Expense 1,700 Cash 1,700 25 Cash 1,500 Accounts Receivable 1,500 You are to post the journal entries to T-accounts and compute the August 31, 2022 balances. (Post entries in Cash Service Revenue Accounts Receivable Rent Expense

          The transactions of the Marigold Store are recorded in the general journal below.
Date Account Titles and Explanation Debit Credit
2022
Aug. 5 Accounts Receivable 2,700
Service Revenue 2,700
10 Cash 4,800
Service Revenue 4,800
19 Rent Expense 1,700
Cash 1,700
25 Cash 1,500
Accounts Receivable 1,500
You are to post the journal entries to T-accounts and compute the August 31, 2022 balances. (Post entries in
Cash
Service Revenue
Accounts Receivable
Rent Expense

The transactions of the Marigold Store are recorded in the general journal below.
Date Account Titles and Explanation Debit Credit
2022
Aug. 5 Accounts Receivable 2,700
Service Revenue 2,700
10 Cash 4,800
Service Revenue 4,800
19 Rent Expense 1,700
Cash 1,700
25 Cash 1,500
Accounts Receivable 1,500
You are to post the journal entries to T-accounts and compute the August 31, 2022 balances. (Post entries in
Cash
Service Revenue
Accounts Receivable
Rent Expense

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Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Adi S

Step 1

Cash T-account: - On August 10, there is a debit of $4,800. - On August 19, there is a credit of $1,700. - On August 25, there is a debit of $1,500. So, the balance on August 31, 2022, would be: $4,800 - $1,700 + $1,500 = $4,600 (debit) Show more…

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The transactions of the Marigold Store are recorded in the general journal below. Date 2022 Aug.5 Accounts Receivable 2,700 Service Revenue 2,700 Date 2022 Aug.10 Cash 4,800 Service Revenue 4,800 Date 2022 Aug.19 Rent Expense 1,700 Cash 1,700 Date 2022 Aug.25 Cash 1,500 Accounts Receivable 1,500 You are to post the journal entries to T-accounts and compute the August 31, 2022 balances. Post entries in Cash, Service Revenue, Accounts Receivable, and Rent Expense.