Post the transactions to T-accounts. Prepare a trial balance at August 31, 2015.

Date

Account Titles and Explanation

Ref.

Debit

Credit

Aug. 1

Cash

6,000

Common Stock

6,000

(Investment of cash for stock)

10

Cash

2,700

Service Revenue

2,700

(Received cash for services performed)

12

Equipment

5,000

Cash

800

Notes Payable

4,200

(Purchased office equipment for cash and notes payable)

25

Account Receivable

1,600

Service Revenue

1,600

(Billed clients for services performed)

31

Cash

880

Accounts Receivable

880

Date	Account Titles and Explanation	Ref.	Debit	Credit
Aug. 1	Cash		6,000
	Common Stock			6,000
	(Investment of cash for stock)
10	Cash		2,700
	Service Revenue			2,700
	(Received cash for services performed)
12	Equipment		5,000
	Cash			800
	Notes Payable			4,200
	(Purchased office equipment for cash and notes payable)
25	Account Receivable		1,600
	Service Revenue			1,600
	(Billed clients for services performed)
31	Cash		880
	Accounts Receivable			880
	(Receipt of cash on account)

(Receipt of cash on account)