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1. Performed $100 worth of services for a customer who had previously prepaid. 2. Depreciation for the month amounted to $315. 3. A physical inventory

1. Performed $100 worth of services for a customer who had previously prepaid. 2. Depreciation for the month amounted to $315. 3. A physical inventory of supplies resulted in a total of $845 on hand. 4. On August 1, a two-year insurance policy had been purchased. Recognize the expense for August. 5. Employees earned $1,500 for the last pay period of the month but will not be paid until September 7

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