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Exercise 3-16 Selected transactions from the journal of Kingbird, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug.

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Exercise 3-16 Selected transactions from the journal of Kingbird, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit Aug. 1 Cash 6,700 Common Stock 6,700 10 Cash 1,150 Service Revenue 1,150 12 Equipment 6,900 1,840 Cf Notes Payable 5,060 25 Accounts Receivable 3,330 Service Revenue 3,330 31 Cash 730 Accounts Receivable 730

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