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Question
selected transactions from the journal of giambi inc. during its first month of operations are presented here.
| Date | Account Titles | Debit | Credit |
| Aug. 1 | Cash | 10,000 | |
| Common Stock | 10,000 | ||
| 10 | Cash | 1,700 | |
| Service Revenue | 1,700 | ||
| 12 | Equipment | 8,200 | |
| Cash | 1,200 | ||
| Notes Payable | 7,000 | ||
| 25 | Accounts Receivable | 2,500 | |
| Service Revenue | 2,500 | ||
| 31 | Cash | 600 | |
| Accounts Receivable | 600 |
instructions
(a)post the transactions to t-accounts.
(b)prepare a trial balance at august 31, 2014 .
Answer
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