Question

selected transactions for ivanhoe company are presented below in journal form (without explanations). date account title debit credit may 5 accounts receivable 4,010 service revenue 4,010 12 cash 1,950 accounts receivable 1,950 15 cash 1,310 service revenue 1,310 post the transactions to t - accounts. (post entries in the order of journal entries presented in the question.) cash

Explanation:

Step1: Set up T - account for Cash

Cash

Step2: Post May 12 transaction

On May 12, cash is debited for 1,950. So we enter 1,950 on the debit side of the Cash T - account.

Cash
1,950

Step3: Post May 15 transaction

On May 15, cash is debited for 1,310. We add 1,310 to the debit side of the Cash T - account.

Cash
1,950 <br> 1,310

Answer:

Cash
1,950 <br> 1,310