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