Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 5,000 Common Stock 5,000 (Investment of cash for stock) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services provided) 12 Equipment 5,000 Cash 1,000 Notes Payable 4,000 (Purchased office equipment for cash and notes payable) 25 Accounts Receivable 1,600 Service Revenue 1,600 (Billed clients for services provided) 31 Cash 850 Accounts Receivable 850 (Receipt of cash on account) Post the transactions to T accounts. (Post entries in the order displayed in the problem statement.) Cash Accounts Receivable Equipment Notes Payable Common Stock Service Revenue