Selected transactions from the journal of Larkspur, Inc., are presented as follows.

Date		Account Titles and Explanation			Debit		Credit
Aug. 1		Cash			6,260
		Common Stock					6,260
		(Issued common stock for cash)
10		Cash			2,870
		Service Revenue					2,870
		(Received cash for services performed)
12		Equipment			5,020
		Cash					860
		Notes Payable					4,160
		(Purchased office equipment for cash and notes payable)
25		Account Receivable			1,680
		Service Revenue					1,680
		(Billed clients for services performed)
31		Cash			850
		Accounts Receivable					850
		(Receipt of cash on account)

(a)

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Post the transactions to T-accounts. (Post entries in the order displayed in the problem statement.)