Date Account Titles and Explanation .Debit Credit Aug. 1 Cash 6,590 Common Stock 6,590 (Issued common stock for cash) 10 Cash 2,800 Service Revenue 2,800 (Received cash for services performed) 12 Equipment 5,390 Cash 880 Notes Payable (Purchased office equipment for cash and notes payable) 4,510 25 Account Receivable Service Revenue (Billed clients for services performed) 31 Cash Accounts Receivable (Receipt of cash on account) 1,630 1,630 940 940