Selected transactions from the journal of Kati Tillman, investment broker, are presented below.

InstructionsPost the transactions to T-accounts. Prepare a trial balance at August 31, 2020.

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Account Titles and Explanation Ref. Debit Credit Date 6,000 Aug. Cash Common Stock 6,000 (Issued common stock for cash) 10 Cash 2,700 Service Revenue 2,700 (Received cash for services performed) 12 Equipment 5,000 Cash 800 Notes Payable 4,200 (Purchased office equipment for cash and notes payable) 25 Account Receivable 1,600 Service Revenue 1,600 (Billed clients for services performed) 31 Cash 880 Accounts Receivable 880 (Receipt of cash on account)