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Homework answers / question archive / The following selected transactions for Wildhorse Co
The following selected transactions for Wildhorse Co. are presented in journal form.J1Date Account Titles and Explanation
Ref.
Debit
Credit
May 5
Accounts Receivable5,030 Service Revenue5,030 (Billed for services performed)12
Cash1,970 Accounts Receivable1,970 (Received cash in payment of account)15
Cash3,470 Service Revenue3,470 (Received cash for services performed) Post the transactions to T-accounts. Make one T-account for each item and determine each account's ending balance. (Post entries in the order displayed in the problem.)
