Brief Exercise 2-7 Selected transactions for the Tamarisk, Inc. are presented in

Question

Brief Exercise 2-7 Selected transactions for the Tamarisk, Inc. are presented in journal form below. DateAccount Titles and Explanation May 5 Accounts Receivable Ref. Debit Credit 5,270 Service Revenue 5,270 (Billed for services performed) 12 Cash 1,590 Accounts Receivable 1,590 (Received cash in payment of account) 15 Cash 3,790 Service Revenue 3,790 (Received cash for services performed) Post the transactions to T-accounts. Make one T-account for each item and determine each ac Cash Accounts Receivable Service Revenue

Explanation / Answer

Brief Exercise 2-7

Brief Exercise 2-8

Brief Exercise 2-9

Exercise 2-11

Cash 12-May $1,590 15-May $3,790 31 May Bal. $5,380 Accounts Receivable 5-May $5,270 12-May $1,590 31 May Bal. $3,680 Service Revenue 5-May $5,270 15-May $3,790 31 May Bal. $9,060

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