Selected transactions for the Finney Company are presented in journal form below.Post the transactions to T accounts. Make one T account for each item and determine each account’s ending balance.
|
Date |
Account Titles and Explanation |
Ref. |
Debit |
Credit |
|
May 5 |
Accounts Receivable |
5,000 |
||
|
Service Revenue |
5,000 |
|||
|
(Billed for services provided) |
||||
|
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 provided) |