Date

Account Titles and Explanation

Ref.

Debit

Credit

Aug. $1$

Cash

$6,450$

Owner's Capital

$6,450$

$($Owner$\text{'}$s investment of cash in business$)$

$10$ Cash

$3,354$

Service Revenue

$3,354$

$($Received cash for services performed$)$

$12$ Equipment

$6,450$

Cash

$2,967$

Notes Payable

$3,483$

$($Purchased equipment for cash and notes payable$)$

$25$ Accounts Receivable

$2,193$

Service Revenue

$2,193$

$($Billed clients for services performed$)$

$31$ Cash

$1,161$

Accounts Receivable

$1,161$

$($Receipt of cash on account$)$