Bush Consulting performed service for a client who could not pay immediately. Bush expected to collect the $5,000 the folowing month. A month later, Bush received $2,900 cash from the client 1. Record the two transactions on the books of Bush Conpulung, Include an explanation for each transaction 2. Post to these T-scoounts: Cash. Accounts Receivable, and Service Revenue. Compute each sccount balance and denote it as Bal. 1. Record the two transactions on the books of Bush Consulting. Include an explanation for each transaction. Record the service performed on account for $5,000. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts and Explanations Debit Credit 1 Accounts Receivable 5,000 Service Revenue 5,000 Parformed service an account. Now record the cash received from the dient for S2,900. Credit Journal Entry Accounts and Explanations Cash Accounts Receivable Debit 2,900 2 2,900 Received cash on account 2. Post to these T-8ccounts: Cash, Accounts Receivable, and Service Revenue. Compute each sccount balance and denote it as Ball 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.) 5000 Casin 1 22000 ICC N Bal2 900 Accounts Receivable Service Revenue 5000 1 21 2800N C Bal 2100 Bal | 50001