Date
Aug. 1
Cash
Common Stock
E2.11 (LO 3, 4), AP Selected transactions from the journal of Kati Tillman, investment broker, are presented as follows.
Account Titles and Explanation
Credit
Ref.
Debit
6,000
6,000
(Issued common stock for cash)
10
Cash
Service Revenue
2,700
2,700
(Received cash for services performed)
12
Equipment
Cash
Notes Payable
5,000
800
4,200
(Purchased office equipment for cash and notes payable)
25
Account Receivable
1,600
Service Revenue
1,600
(Billed clients for services performed)
31
Cash
Accounts Receivable
880
880
(Receipt of cash on account)
Instructions
a. Post the transactions to T-accounts.
b. Prepare a trial balance at August 31, 2022.