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Business, 16.05.2020 19:57 EMQPWE

Selected transactions from the journal of Skysong, Inc., are presented below.

Date Account Titles and Explanation Debit Credit
Aug. 1 Cash 24,300
Common Stock 24,300
(Investment of cash for stock)
10 Cash 10,935
Service Revenue 10,935
(Received cash for services performed)
12 Equipment 20,250
Cash 3,240
Notes Payable 17,010
(Purchased office equipment for cash and notes payable)
25 Account Receivable 6,480
Service Revenue 6,480
(Billed clients for services performed)
31 Cash 3,564
Accounts Receivable 3,564
(Receipt of cash on account)

Post the transactions to T accounts.

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Selected transactions from the journal of Skysong, Inc., are presented below.

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