1: post the transactions to the T account.

2: Prepare a trial balance on August 31, 2017.

 

U. Selected transactions from the journal of June Feldman, investment broker, are presented below. Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 6,900 Owner's Capital (Owner's investment of cash in business) 6,900 10 Cash 3,588 Service Revenue 3,588 (Received cash for services performed) 12 Equipment 6,900 Cash 3,174 Notes Payable 3,726 (Purchased equipment for cash and notes payable) 25 Accounts Receivable 2,346 Service Revenue 2,346 (Billed clients for services performed) 31 Cash 1.242 Accounts Receivable 1.242 (Receipt of cash on account)