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.)

may 17 | j10 | 3,300 | 5,400

date | accounts and explanation | posting reference | debit | credit
may 17 | accounts receivable | 120 | 3,300 |

service revenue

410

3,300

| performed services on account.

may 19: paid rent expense for the month, $1,500. post to the four-column accounts in this step. in the next step, complete the posting reference

cash | account # 110
date | posting reference | debit | credit | balance debit | balance credit
may 1 | j10 | 100,000 | | 100,000 |
may 4 | j10 | | 57,000 | 43,000 |
may 6 | j10 | 2,100 | | 45,100 |
may 9 | j10 | | 250 | 44,850 |
may 19 | j10 | | | |

rent expense | account # 510
date | posting reference | debit | credit | balance debit | balance credit
may 19 | | | | |

Explanation:

Calculate Cash Account Balance on May 19

$$
LATEXBLOCK0
$$

Post to Rent Expense Account on May 19

$$
LATEXBLOCK1
$$

Answer:

Cash (Account # 110)

• May 19 Posting Reference: J10
• May 19 Debit: [Blank]
• May 19 Credit: 1,500
• May 19 Balance (Debit): 43,350
• May 19 Balance (Credit): [Blank]

Rent Expense (Account # 510)

• May 19 Posting Reference: J10
• May 19 Debit: 1,500
• May 19 Credit: [Blank]
• May 19 Balance (Debit): 1,500
• May 19 Balance (Credit): [Blank]