Question

date | accounts and explanation | posting reference | debit | credit
may 6 | cash | | 2,100 |

service revenue

2,100

| performed services and received cash.

Explanation:

Identify the posting reference for the Cash account

$$ \text{Posting Reference for Cash} = 101 \quad (\text{or standard Cash account number}) $$

Identify the posting reference for the Service Revenue account

$$ \text{Posting Reference for Service Revenue} = 401 \quad (\text{or standard Service Revenue account number}) $$

Determine the journal page reference from the ledger above

$$ \text{Journal Page Reference} = \text{J10} $$

Answer:

Question 1

On May 6, the journal entry shows a debit to Cash of 2,100 and a credit to Service Revenue of 2,100.

The posting reference for the Cash row is <blank>101</blank> and the posting reference for the Service Revenue row is <blank>401</blank>.