EX2: General Journal J1 Date Account Titles and Explanation Ref. Debit Credit Aug 1 Cash 101 40,000 301 40,000 Owner's Capital (Owner's investment of cash in business) 2 Rent Expense 729 1,100 Cash... 101 1,100 (Paid monthly office rent) 3 126 3,000 201 3,000 Supplies........ Accounts Payable... (Purchased supplies on account from Smile Company) 10 Accounts Receivable....... 112 5,100 400 5,100 Service Revenue..... (Billed clients for services provided) 11 Cash 101 1,000 205 1,000 Unearned Service Revenue (Received cash for future service) 20 Cash 101 2,100 Service Revenue... 400 2,100 (Received cash for services provided) 726 2,800 101 2,800 30 Salaries and Wages Expense... Cash..... (Paid monthly salary) Post the Journal data to the ledger accounts. Prepare a trial balance on Aug 31. Trial Balance Accounts Debit Credit