Date Account Titles and Explanation Ref. Debit Credit Aug.1 Cash 5,000 Owner's Capital 5,000 (Owners investment of cash in business) 10 Cash 2,600 Service Revenue 2,600 (Received cash for services performed) 12 Equipment 5,000 Cash 2,300 Notes Payable 2,700 (Purchased equipment for cash and notes payable) 25 Accounts Receivable 1,700 Service Revenue 1,700 (Billed clients for services performed) 31 Cash 900 Accounts Receivable 900 (Receipt of cash on account) Collapse question part (a) Post the transactions to T-accounts