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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.
Cash
Owner's Capital
Owners investment of cash in busines.
Cash
Service Revenue
Received cash for services performed
Equipment
Cash
Notes Payable
Purchased equipment for cash and notes payable
Accounts Receivable
Service Revenue
Billed clients for services performed
Cash
Accounts Receivable
Receipt of cash on account
Post the transactions to accounts. Post entries in the order presented in the problem statement.
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