Date | | Account Titles and Explanation | Ref. | Debit | Credit | Aug. 1 | | Cash | | 5,034 | | | | Teresa Gonzalez, Capital | | | 5,034 | | | (Owner's investment of cash in business) | | | | 10 | | Cash | | 2,042 | | | | Service Revenue | | | 2,042 | | | (Received cash for services provided) | | | | 12 | | Office Equipment | | 4,763 | | | | Cash | | | 1,075 | | | Notes Payable | | | 3,688 | | | (Purchased office equipment for cash & notes payable) | | | | 25 | | Accounts Receivable | | 1,399 | | | | Service Revenue | | | 1,399 | | | (Billed clients for services provided) | | | | 31 | | Cash | | 893 | | | | Accounts Receivable | | | 893 | | | (Receipt of cash on account) | | | | Instructions (a) Post the transactions to T accounts. Cash | Aug. 1 | 5034 | Aug. 12 | 1,075 | 10 | 2042 | | | 31 | 893 | | | Bal. | 6,894 | | | Accounts Receivable | Aug. 25 | 1399 | Aug. 31 | 893 | Bal. | 506 | | | Office Equipment | Aug. 12 | 4763 | | | Notes Payable | | | Aug. 12 | 3688
Date | | Account Titles and Explanation | Ref. | Debit | Credit | Aug. 1 | | Cash | | 5,034 | | | | Teresa Gonzalez, Capital | | | 5,034 | | | (Owner's investment of cash in business) | | | | 10 | | Cash | | 2,042 | | | | Service Revenue | | | 2,042 | | | (Received cash for services provided) | | | | 12 | | Office Equipment | | 4,763 | | | | Cash | | | 1,075 | | | Notes Payable | | | 3,688 | | | (Purchased office equipment for cash & notes payable) | | | | 25 | | Accounts Receivable | | 1,399 | | | | Service Revenue | | | 1,399 | | | (Billed clients for services provided) | | | | 31 | | Cash | | 893 | | | | Accounts Receivable | | | 893 | | | (Receipt of cash on account) | | | | Instructions (a) Post the transactions to T accounts. Cash | Aug. 1 | 5034 | Aug. 12 | 1,075 | 10 | 2042 | | | 31 | 893 | | | Bal. | 6,894 | | | Accounts Receivable | Aug. 25 | 1399 | Aug. 31 | 893 | Bal. | 506 | | | Office Equipment | Aug. 12 | 4763 | | | Notes Payable | | | Aug. 12 | 3688