Brief Exercise 27 Selected transactions for the Tamarisk Inc

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

Solution

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