1. Record the two transactions on the books of Ugino Consulting. Include an explanation for each transaction. Record the service performed on account for $5,300. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanations 1. Accounts Receivable Journal Entry Debit Credit 5,300 Service Revenue Performed service on account. Now record the cash received from the client for $2,500. Journal Entry Accounts and Explanations Debit 2. Cash 2,500 Accounts Receivable 5,300 Credit 2,500 Received cash on account. 2. Post to these T-accounts: Cash, Accounts Receivable, and Service Revenue. Compute each account balance and denote it as Bal. The following T-accounts have been opened for you: Cash, Accounts Receivable, and Service Revenue. Post the transactions you recorded in Requirement 1 to the T-accounts opened for you. Use the transaction numbers to designate the journal entries. Calculate the balance of each account. (For each transaction, select the transaction number used in the journal entries above as a posting reference. Denote the ending balance as Bal.) Cash Accounts Receivable Service Revenue