Current Attempt in Progress Selected transactions from the journal of Whispering Winds Corp., are presented below. Date Account Titles and Explanation Aug. 1 Debit Credit 60,000 Cash Common Stock (Investment of cash for stock) 60,000 10 Cash 27,000 27,000 Service Revenue (Received cash for services performed) Equipment 12 50,000 Cash 8,000 42.000 25 Notes Payable (Purchased office equipment for cash and notes payable) Account Receivable Service Revenue (Billed clients for services performed) Cash 16,000 16,000 31 8.800 Accounts Receivable (Receipt of cash on account) 8,800 Cash Accounts Receivable Equipment Notes Payable Common Stock Service Revenue Notes Payable Common Stock Service Revenue