Exercise 2-11 (Part Level Submission) Selected transactions from the journal of Concord Corporation, are presented below. Date Account Titles and Explanation Aug. 1 Cash Debit Credit 59,400 Common Stock 59,400 (Investment of cash for stock) 10 Caslh 26,730 Service Revenue 26,730 (Received cash for services performed) 12 Equipment 49,500 Cash 7,920 41,580 Notes Payable (Purchased office equipment for cash and notes payable) 25 Account Receivable 15,840 Service Revenue 15,840 Billed clients for services performed) 31 Cash 8,712 Accounts Receivable 8,712 Receipt of cash on account)