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priscillaan
14.04.2020 •
Business
Selected transactions for Ivanhoe Company are presented below in journal form (without explanations).
Date Account Title Debit Credit
May 5 Accounts Receivable 4,010
Service Revenue 4,010
12 Cash 1,950
Accounts Receivable 1,950
15 Cash 1,310
Service Revenue 1,310
Post the transactions to T-accounts.
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Ответ:
Account Receivable Bal : 2060
Service Revenue Bal : 5320
Cash Bal : 3260
Explanation:
Total Earnings are $ 5320 out of which $ 3260 have been received and $ 2060 are yet to be received. ( 5320-3260= 2060)
The given transactions include three accounts which are Accounts Receivable , Sales Revenue and Cash.
Accounts Receivable Debit CreditMay 5 May 12
Sales Revenue 4010 Cash 1950
Bal: 2060
4010 4010
Service Revenue Debit CreditMay 5 Accounts Receivable
Bal 5320 4010
May 15 Cash 1310
5320
Cash Debit CreditMay 12 A/c Rec 1950
May 15 Service Bal : 3260
Revenue 1310
3260 3260
Ответ: