Rivers Consulting performed service for a client who could not pay immediately. Rivers expected to collect the $5,300 the following month. A month later, Rivers received $3,000 cash from the client. 1. Record the two transactions on the books of Rivers Consulting. Include an explanation for each transaction. 2. Post to these T-accounts: Cash, Accounts Receivable, and Service Revenue. Compute each account balance and denote it as Bal. 1. Record the two transactions on the books of Rivers Consulting. Include an explanation for each transaction. Record the service performed on account for $5,300. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts and Explanations Debit Credit 1