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Selected transactions from the journal of June Oriole, investment broker, are presented as follows. Date Account Titles and Explanation Aug.1 Cash Owner's Capital Ref. Debit
Selected transactions from the journal of June Oriole, investment broker, are presented as follows. Date Account Titles and Explanation Aug.1 Cash Owner's Capital Ref. Debit Credit 5,550 5,550 (Owner's investment of cash in business) 10 Cash 2,886 Service Revenue 2,886 (Received cash for services performed) 12 Equipment 5,550 2,553 Cash 2,997 Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue 1,887 1,887 (Billed clients for services performed) 21 Cash 999 O Cash Accounts Receivable Equipment Notes Payable MacBook Pro Post the transactions to T-accounts. (Post entries in the order presented in the problem statement.) Cash Accounts Receivable Equipment MacBook Pro Equipment Notes Payable Owner's Capital Service Revenue
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