Question - Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here.
Date Account Titles Debit Credit Aug.
1 Cash 7,300 Common Stock 7,300
10 Cash 1,400 Service Revenue 1,400
12 Equipment 6,000 Cash 1,090 Notes Payable 4,910
25 Accounts Receivable 2,780 Service Revenue 2,780
31 Cash 510 Accounts Receivable 510
Post the transactions to T-accounts.