Selected transactions from the journal of Pina Colada Corp., are presented as follows. Date Aug. 1 10 12 25 31 Account Titles and Explanation Cash Common Stock Cash (Issued common stock for cash) Service Revenue (Received cash for services performed) Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable Service Revenue (Billed clients for services performed) Cash Accounts Receivable (Receipt of cash on account) Debit 5,530 2,750 4,940 1,450 800 Credit 5,530 2,750 860 4,080 1,450 800 Aug. 1 Aug. 10 Aug. 12 Aug. 12 4 O Cash Accounts Receivable Equipment Aug. 12 4 Notes Payable 47 Notes Payable Common Stock Service Revenue #