elected transactions from the journal of June Feldman, investment broker, are presented below. Date Aug.1 Account Titles and Explanation Cash Owner's Capital Ref. Debit Credit 5,500 5,500 I (Owner's investment of cash in business) 10 Cash 2,860 Service Revenue 2,860 (Received cash for services performed) 12 Equipment Cash Notes Payable 5,500 2,530 2,970 (Purchased equipment for cash and notes payable) 25 25 Accounts Receivable 1,870 Service Revenue 1,870 (Billed clients for services performed) 31 Cash 990 Accounts Receivable 990 (Receipt of cash on account)