Exercise 3-16 Selected transactions from the journal of Metlock, Inc. during its first month of operations are presented here. Date Account Titles Debit Credit 7,300 Aug. 1 Cash Common Stock 7,300 1,400 10 Cash Service Revenue 1,400 12 Equipment 6,000 Cash 1,090 4,910 Notes Payable 2,780 25 Accounts Receivable Service Revenue 2,780 510 31 Cash Accounts Receivable 510