Date Account Titles and Explanation Aug.1 12 10 Cash 25 Cash 31 Owner's Capital (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 (Billed clients for services performed) Cash Ref. Debit 6,250 3,250 6,250 2,125 1,125 Credit 6,250 3,250 2,875 3,375 2,125

Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Notes Payable Owner's Capital Service Revenue