General Journal_____________________________________________________________________Date Account Titles and Explanation Debit Credit_____________________________________________________________________2016Aug. 5 Accounts Receivable 2,500Service Revenue 2,50010 Cash 3,000Service Revenue 3,00019 Rent Expense 1,000Cash 1,00025 Cash 1,400Accounts Receivable 1,400Required:Post the journal entries to T-accounts and balance off the accounts as at August 31,2016. (14 marks)*END*

To post the journal entries to T-accounts and balance off the accounts as at August 31, 2016, you would do the following:

1. Draw up T-accounts for each of the accounts mentioned in the journal entries: Accounts Receivable, Service Revenue, Cash, and Rent Expense.

2. Post the journal entries to the T-accounts. This involves recording the debit and credit amounts from each journal entry to the corresponding T-account.

For example, for the journal entry on August 5, you would debit Accounts Receivable with 2,500 and credit Service Revenue with 2,500.

Here's how the T-accounts would look:

Accounts Receivable:

• Debit: 2,500 (Aug 5)
• Credit: 1,400 (Aug 25)
• Balance: 1,100 (Debit)

Service Revenue:

• Credit: 2,500 (Aug 5)
• Credit: 3,000 (Aug 10)
• Balance: 5,500 (Credit)

Cash:

• Debit: 3,000 (Aug 10)
• Debit: 1,400 (Aug 25)
• Credit: 1,000 (Aug 19)
• Balance: 3,400 (Debit)

Rent Expense:

• Debit: 1,000 (Aug 19)
• Balance: 1,000 (Debit)

3. Balance off the accounts. This involves calculating the balance of each T-account as at August 31, 2016.

The balances are as follows:

• Accounts Receivable: 1,100 (Debit)
• Service Revenue: 5,500 (Credit)
• Cash: 3,400 (Debit)
• Rent Expense: 1,000 (Debit)

Please note that in T-accounts, debits are recorded on the left side and credits on the right side. The balance of an account is the difference between the total debits and the total credits. If the total debits exceed the total credits, the balance is a debit balance. If the total credits exceed the total debits, the balance is a credit balance.