Question

Selected transactions for Cullumber Company are presented below in journal form (without explanations).

Date Account Title Debit Credit
May 5 Accounts Receivable 4,750
Service Revenue 4,750
12 Cash 1,200
Accounts Receivable 1,200
15 Cash 2,260
Service Revenue 2,260
Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.)

Answer 1

Answer and Explanation:

The posting of the given transactions to T accounts are presented below:

Cash account

May 12 Account receivable $1,200

May 15 Service revenue $2,260

Account receivable

May 5 Service revenue $4,750 May 12 Cash $1,200

Service revenue

May 15 Account receivable $2,260

May 5 Servcie revenue $4,750