5. Journal entries and balance sheet (12 pts) On August 1, 2017, the following were the account balances of D&D Repair Services. Debit Credit Cash $ 6,040 Accounts Receivable 2,910 Accumulated Depreciation Equipment Accounts Payable $ 600 2,300 Supplies 1,030 Unearned Service Revenue 1,260 Equipment 10,000 Salaries and Wages Payable 1,420 Common Stock 10,000 Retained Earnings $ 19,980 4,400 $ 19,980 During August, the following summary transactions were completed. Aug. 5 Received $1,200 cash from customers in payment of account. 10 Paid $3,120 for salaries due employees, of which $1,700 is for August and $ 1,420 is for July salaries payable. 12 Received $2,800 cash for services performed in August. 15 Purchased store equipment on account $2,000. 17 Purchased supplies on account $860 20 Paid creditors $2,000 of accounts payable due. 22 Paid August rent $380. 25 Paid salaries $2,900. 27 Performed services worth $3,130 on account and billed customers. 29 Received $780 from customers for services to be provided in the future. Adjustment data: 1. Supplies on hand are valued at $960. 2. Accrued salaries payable are $1,540. 3. Depreciation for the month is $320. 4. Services were performed to satisfy $800 of unearned service revenue. Instructions: (a) Journalize the August transactions (10pts) (b) Prepare the balance sheet as of August 31, 2017. (2pts)