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elected transactions from the journal of Splish Brothers Inc., are presented as follows. Date Account Titles and Explanation Debit Credit Aug. 1 Cash 6,590 Common

elected transactions from the journal of Splish Brothers Inc., are presented as follows. 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 4,510 (Purchased office equipment for cash and notes payable) 25 Account Receivable 1,630 Service Revenue 1,630 (Billed clients for services performed) 31 Cash 940 Accounts Receivable 940 (Receipt of cash on account)

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