Question

the following transactions occurred for ward technology solutions:

may 4: building 45,000, land 12,000, cash 57,000. paid cash for building and land.

may 6: performed services for customers and received cash, $2,100. post to the four-column accounts in this step.

cash account # 110
date: may 1, posting reference: j10, debit: 100,000, balance debit: 100,000
date: may 4, posting reference: j10, credit: 57,000, balance debit: 43,000
date: may 6

service revenue account # 410
date: may 6

Explanation:

Analyze the transaction on May 6

$$
LATEXBLOCK0
$$

Post to Cash Account (Account # 110)

$$
LATEXBLOCK1
$$

Post to Service Revenue Account (Account # 410)

$$
LATEXBLOCK2
$$

Answer:

Cash (Account # 110)

• Date: May 6
• Posting Reference: J10
• Debit: 2,100
• Credit: [Leave Blank]
• Balance (Debit): 45,100
• Balance (Credit): [Leave Blank]

Service Revenue (Account # 410)

• Date: May 6
• Posting Reference: J10
• Debit: [Leave Blank]
• Credit: 2,100
• Balance (Debit): [Leave Blank]
• Balance (Credit): 2,100