5%20question%20(1).pdf Aug 1. The business received cash of $75,000 and gave capital to the owner. Aug 2. Purchased supplies of $500 on account Aug 4. Paid 553,000 cash for a building Aug 6. Performed service for customers and received cash, $2,600. Aug 9 Paid $400 on accounts payable. Aug 17. Performed services for customers on account, $2,500 Aug 23. Received $1,900 cash on account from a customer Aug 31. Paid the following expenses salary, S1,100, rent, $900 Requirements: 1. Prepare the necessary journal entries with narration to record the transactions for August 2. Open T-accounts using the following account numbers . Cash, 110, Accounts receivable, 120 . Supplies, 130 . Building 140 . Accounts payable. 210 Max, capital, 310 . . . Service revenue, 410 Rent expense, 510 Salary expense, 520 3. Post the transactions recorded in your joumal catries to their respective T" accounts as listed in requirement 2 and balance off each account 4. Having determined equation the account halances, rapresent this information in the accounting