Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts. Date Account name Debit Credit May 5 Accounts receivable 13 200 Service revenue 13 200 12 Cash 12 400 Accounts receivable 12 400 15 Cash 12 000 Service revenue 12 000

Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts. Date Account name Debit Credit May 5 Accounts receivable 13 200 Service revenue 13 200 12 Cash 12 400 Accounts receivable 12 400 15 Cash 12 000 Service revenue 12 000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 8EA: Maddie Inc. has the following transactions for its first month of business. A. What are the...

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Question

Selected transactions for Gonzales Ltd are presented in journal form (without narrations). Post the transactions to T accounts.

Date	Account name	Debit	Credit
May	5	Accounts receivable	13 200
		Service revenue		13 200
	12	Cash	12 400
		Accounts receivable		12 400
	15	Cash	12 000
		Service revenue		12 000

Definition Definition Act of publishing journal entries in their respective general ledger accounts to create a consolidated view of an account. At the end of the fiscal year, ledger accounts are balanced and account balances in every ledger are consolidated together to create the trial balance.

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