Date Account Titles and Explanation Aug.1 10 12 25 Cash Owner's Capital Cash the journal of June Swifty, investment broker, are presented as follows. (Owner's investment of cash in business) Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased equipment for cash and notes payable) Accounts Receivable Service Revenue Ref. Debit Credit 6,250 3,250 6,250 2,125 6,250 3,250 2,875 3,375 2,125

10 Cash 3,250 Service Revenue 3,250 (Received cash for services performed) 12 Equipment Cash Notes Payable 6,250 2,875 3,375 (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue (Billed clients for services performed) 2,125 2,125 31 Cash 1,125 Accounts Receivable 1,125 (Receipt of cash on account) (a) Post the transactions to T-accounts. (Post entries in the order presented in the problem statement) Accounts Receivable Equipment Notes Payable Owner's Capital Service Revenue