Concord records adjustments monthly. Adjustment data for the month of August are as follows: 1. 2. 3. 4. 5. 6. 7. 8. One month's worth of advertising services have been received. The August rent has expired. Accrued salaries payable are $1,540. Depreciation for the month is $217. Supplies on hand at August 31 are $930. Services were performed to satisfy $870 of Deferred revenue. One month of interest income related to the $4,000 note receivable has accrued. The note was issued on June 30 and is due October 31 and has a 6% annual interest rate. Interest is due at maturity. Income tax of $330 is estimated to be owed for the month of August. Prepare the August adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

Concord records adjustments monthly. Adjustment data for the month of August are as follows: 1. One month's worth of advertising services have been received. 2. The August rent has expired. 3. Accrued salaries payable are $1,540. 4. Depreciation for the month is $217. 5. Supplies on hand at August 31 are $930. 6. Services were performed to satisfy $870 of Deferred revenue. 7. One month of interest income related to the $4,000 note receivable has accrued. The note was issued on June 30 agd is due October 31 and has a6% annual interest rate. Interest is due at maturity. 8. Income tax of $330 is estimated to be owed for the month of August. Prepare the August adjusting journal entries. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)