Question

the following transactions occurred for ward technology solutions:
view the transactions. view the journal entries.
read the requirement. (compute the new balance for each account after posting the transaction.)

date: may 9
accounts and explanation: accounts payable, cash, paid cash on account.
reference: 210, 110
debit: 250
credit: 250

may 17: performed services for customers on account, $3,300. post to the four-column accounts in this step. in the next step, complete the posting reference.

accounts receivable account # 120
date: may 17
posting reference: j10
debit: 3,300
balance debit: 3,300

service revenue account # 410
date: may 6, may 17
posting reference: j10, j10
credit: 2,100, 3,300
balance credit: 2,100, 5,400

date: may 17
accounts and explanation: accounts receivable, service revenue, performed services on account.
posting reference:
debit: 3,300
credit: 3,300

Explanation:

Identify the accounts to post

The journal entry on May 17 shows:

• Debit: Accounts Receivable, \$3,300
• Credit: Service Revenue, \$3,300

Determine the ledger account numbers

From the ledger accounts shown:

• Accounts Receivable is Account # 120
• Service Revenue is Account # 410

Fill in the Posting Reference column

The Posting Reference column in the journal entry must be filled with the respective ledger account numbers:

• For Accounts Receivable: 120
• For Service Revenue: 410

Answer:

Question 1

Date	Accounts and Explanation	Posting Reference	Debit	Credit
	Service Revenue	<blank>410</blank>		3,300
	_Performed services on account._