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question brief exercise 2 7 selected transactions for the joel berges company are pr 4280955

Question

Brief Exercise 2-7

Selected transactions for the Joel Berges Company are presented in journal form below.

Date

Account Titles and Explanation

Ref.

Debit

Credit

Post the transactions to T-accounts and determine each account’s ending balance. (Post entries in the order presented in the problem statement.)

Cash

Accounts Receivable

Service Revenue

 

 

 

 

 

 

 

 

 

Date

 

Account Titles and Explanation

 

Ref.

 

Debit

 

Credit

May 5

 

Accounts Receivable

 

 

 

4,847

 

 

 

 

     Service Revenue

 

 

 

 

 

4,847

 

 

       (Billed for services performed)

 

 

 

 

 

 

12

 

Cash

 

 

 

1,992

 

 

 

 

    Accounts Receivable

 

 

 

 

 

1,992

 

 

      (Received cash in payment of account)

 

 

 

 

 

 

15

 

Cash

 

 

 

3,248

 

 

 

 

    Service Revenue

 

 

 

 

 

3,248

 

 

       (Received cash for services performed)

 

 

 

 

 

 

 

 

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