PLEASE CORRECT THE RED

Selected transactions from the journal of Kati Tillman, investment broker, are presented below Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 47,100 Common Stock 47,100 (Investment of cash for stock) 10 Cash 21,195 21,195 Service Revenue (Received cash for services performed 39,250 12 Equipment 6,280 Cash 32,970 Notes Payable (Purchased office equipment for cash and notes payable) 25 Account Receivable 12,560 Service Revenue 12,560 (Billed clients for services performed) 6,908 31 Cash Accounts Receivable 6,908 (Receipt of cash on account)