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Selected journal entries for the Nikolai Company are presented below Date Account Titles and Explanation Ref

Accounting

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Selected journal entries for the Nikolai Company are presented below

Date

Account Titles and Explanation

Ref.

Debit

Credit

May 5

Accounts Receivable 5,160

Service Revenue 5,160

(Billed for services performed) 2,020

may 12

Cash 2,020

Accounts Receivable Received cash in payment of account 3,790

may 15

Cash 3,790

Service Revenue 3,790

(Received cash for services performed)

Post the transactions using the standard form of account. (Post entries in the order displayed in the problem.)