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Selected transactions from the journal of Larkspur, Inc., are presented as follows.
| Date | | Account Titles and Explanation | | | Debit | | Credit |
| Aug. 1 | | Cash | | | 6,260 | | |
| | | Common Stock | | | | | 6,260 |
| | | (Issued common stock for cash) | | | | | |
| 10 | | Cash | | | 2,870 | | |
| | | Service Revenue | | | | | 2,870 |
| | | (Received cash for services performed) | | | | | |
| 12 | | Equipment | | | 5,020 | | |
| | | Cash | | | | | 860 |
| | | Notes Payable | | | | | 4,160 |
| | | (Purchased office equipment for cash and notes payable) | | | | | |
| 25 | | Account Receivable | | | 1,680 | | |
| | | Service Revenue | | | | | 1,680 |
| | | (Billed clients for services performed) | | | | | |
| 31 | | Cash | | | 850 | | |
| | | Accounts Receivable | | | | | 850 |
| | | (Receipt of cash on account) | | | | | |
(a)
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Post the transactions to T-accounts. (Post entries in the order displayed in the problem statement.)
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