BE2-7 Selected transactions for the Glasson Company are presented in journal entry for below. Post the transactions to T accounts. JI May 5 GENERAL JOURNAL Account Titles and Explanation Accounts Receivable Service Revenue Accounts Receivable Service Revenue Debit 3,200 2,000 3,200 2,400 2,000

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.