Selected transactions from the journal of June Feldman, investment broker, are presented below.

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

Transcribed Image Text:

Debit Credit Date Account Titles and Explanation Ref. Aug. 1 Cash 5,000 Owner's Capital (Owner's investment of cash in business) 5,000 10 Cash 2,600 Service Revenue 2,600 (Received cash for services performed) 12 5,000 Equipment Cash 2,300 Notes Payable (Purchased equipment for cash and notes payable) 2,700 25 Accounts Receivable 1,700 1,700 Service Revenue (Billed clients for services performed) 31 Cash 900 Accounts Receivable 900 (Receipt of cash on account)