Selected transactions from the journal of Whispering Winds Corp., are presented below. Date Account Titles and Explanation Debit Credit Aug. 1 Cash 60,000 60,000 Common Stock (Investment of cash for stock) 10 Cash 27,000 27,000 Service Revenue (Received cash for services performed) Equipment 12 50,000 Cash 8,000 42.000 Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable 16,000 25 16,000 Service Revenue (Billed clients for services performed) 8,800 31 Cash 8,800 Accounts Receivable (Receipt of cash on account) Cash Aug. 1 60000 Aug 12 8000 Aug. 10 27000 Aug 31 + 8800 Bal 87800 Accounts Receivable Aug. 25 16000 Aug. 31 8800 Bal 7200 Equipment Aug 124 50000 Notes Payable Aug. 12 42000 Common Stock Aug. 14 60000 Service Revenue Aug. 10 27000 Aug. 25 16000 Bal. 43000 Prepare a trial balance at August 31, 2020 Whispering Winds Corp. Trial balance August 31, 2020 Debit Credit $ $ $ Totals