Selected transactions from the journal of Kati Tillman, investment broker, are presented as follows. Debit Credit 6,000 6,000 2,700 2,700 5,000 Date Account Titles and Explanation Aug. 1 Cash Common Stock (Issued common stock for cash) 10 Cash Service Revenue (Received cash for services performed) 12 Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) 25 Account Receivable Service Revenue (Billed clients for services performed) 31 Cash Accounts Receivable (Receipt of cash on account) 800 4,200 1,600 1,600 880 880 WIC Cash Accounts Receivable Equipment Notes Payable Common Stock Service Revenue