Selected transactions from the journal of Dewitt Inc. during its first month of operations are presented here.
|
Date
|
Account /Description |
Debit |
Credit |
| Aug. 1 |
Cash |
$3,490 |
|
|
Common Stock |
|
$3,490 |
| Aug. 10 |
Cash |
$1,850 |
|
|
ServiceRevenue |
|
$1,850 |
| Aug. 12 |
Office Equipment |
$6,130 |
|
|
Notes Payable |
|
$4,630 |
|
Cash |
|
$1,500 |
| Aug. 25 |
Accounts Receivable |
$3,130 |
|
|
ServiceRevenue |
|
$3,130 |
| Aug. 31 |
Cash |
$460 |
|
|
Accounts Receivable |
|
$460 |
By posting the above transactions to T-Accounts complete the following trial balance.