Question & Answer: Date Account Titles and Explanation Ref. Debit Credit Aug. Cash 6,000 Common Stock 6,000 (Investment of cash for stock) 10 Cash 2,700 Service Revenue 2,700 (R…..

Date Account Titles and Explanation Ref. Debit Credit Aug. 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 Notes Payable 800 4,200 (Purchased office equipment for cash and notes payable) 25 Account Receivable Service Revenue 1,600 1,600 (Billed clients for services performed) 31 Cash 880 Accounts Receivable 880 (Receipt of cash on account) Instructions (a) Post the transactions to T-accounts (b) Prepare a trial balance at August 31, 2015