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Homework answers / question archive / The following selected transactions for Wildhorse Co

The following selected transactions for Wildhorse Co

Accounting

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.)

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