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Aug. 1 Cash 5 , 7 5 0 Owner's Capital 5 , 7 5 0 ( Owner ' s investment of cash in busines. s

Aug. 1
Cash
5,750
Owner's Capital
5,750
(Owner's investment of cash in busines. s)
10 Cash
2,990
Service Revenue
2,990
(Received cash for services performed)
12
Equipment
5,750
Cash
2,645
Notes Payable
3,105
(Purchased equipment for cash and notes payable)
25
Accounts Receivable
1,955
Service Revenue
1,955
(Billed clients for services performed)
31
Cash
1,035
Accounts Receivable
1,035
(Receipt of cash on account)
Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.)
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