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