Current Attempt in Progress Selected transactions from the journal of Ivanhoe Consultants are presented below (amounts in \ thousands). Date Account Titles and Explanation Aug.1 Cash Share Capital-Ordinary Ref. Debit Credit 4,000 4,000 (Issued shares for cash) 10 Cash Service Revenue 2,080 2,080 (Received cash for services performed) 12 Equipment 4,000 Cash 2,160 1,840 Notes Payable (Purchased equipment for cash and notes payable) 25 Accounts Receivable Service Revenue 1,360 1,360 (Billed clients for services performed) 31 Cash 720 720 Accounts Receivable (Receipt of cash on account)