Selected transactions from the journal of Faital Inc. during its first month of operations are presented below. Post these transactions to T accounts.
|
Date |
Account Titles |
Debit |
Credit |
|
July 1 |
Cash |
30,000 |
|
|
Common Stock |
30,000 |
||
|
9 |
Accounts Receivable |
6,000 |
|
|
Service Revenue |
6,000 |
||
|
24 |
Cash |
4,000 |
|
|
Accounts Receivable |
4,000 |