The following selected transactions were completed

during August of the #8150

The following selected transactions were completed during August of the current year:1. Billed
customers for fees earned, $73,900.2. Purchased supplies on account, $1,960.3. Received
cash from customers on account, $62,770.4. Paid creditors on account, $820.a. Journalize
these transactions in a two-column journal, using the appropriate number to identify the
transactions. Journal entry explanations may be omitted.b. Post the entries prepared in (a) to
the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees
Earned. To the left of each amount posted in the accounts, place the appropriate number to
identify the transactions.c. Assume that the unadjusted trial balance on August 31 shows a
credit balance for Accounts Receivable. Does this credit balance mean an error has
occurred?View Solution:
The following selected transactions were completed during August of the

ANSWER
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