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Current Attempt in Progress On August 1, 2022, the following were the account balances of Swifty Repair Services. Credit Debit 710 Cash $7,130 Accumulated Depreciation-Equipment

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Current Attempt in Progress On August 1, 2022, the following were the account balances of Swifty Repair Services. Credit Debit 710 Cash $7,130 Accumulated Depreciation-Equipment 2.710 Accounts Receivable 3,430 Accounts Payable 1,490 Notes Receivable 4,800 Unearned Service Revenue 1,680 Supplies 1.220 Salaries and Wages Payable 14,200 Equipment 11,800 Common stock 7,590 Retained Earnings 28,380 28,380 1.5 = During August, the following summary transactions were completed Aug. 1 3 5 10 12 Paid $470 cash for advertising in local newspapers Advertising flyers will be included with newspapers delivered during August and September Paid August rent $450. Received $1,420 cash from customers in payment of account Paid $3,680 for salaries due employees, of which $2,000 is for August and $1.680 is for July salaries payable. Received $3,300 cash for services performed in August Purchased store equipment on account $2.360. Pald creditors $2,360 of accounts payable due. Purchased supplies on account $940. Pald $3.420 cash for employees'salaries, Billed customers $4,440 for services performed, 15 20 22 25 27 29 Received $920 from customers for services to be performed in the future. WURTHER Adjustment data: 1. 2. 3. A count shows supplies on hand of $1,130, Accrued but unpaid employees' salaries are $1,820. Depreciation on equipment for the month is $380. Services were performed to satisfy $940 of unearned service revenue. One month's worth of advertising services has been received. One month of interest revenue related to the $4,800 note receivable has accrued. The 4-month note has a 6% annual interest rate. 4. 5. 6. Swifty's chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. Question 1 of 4 0.54/ 1.5 Journalize and post adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No Date Account Titles and Explanation Debit Credit 1. 1. Aug. 1 2. 2 3. 4. 3. 4. 5. Aug. 1 Aug. 3 Aug. 5 Aug. 10 Aug. 12 Aug. 15 Aug. 20 Aug. 22 Aug. 25 Aug. 27 Aug 29 Aug. 31 6. Cash Cash 8/1 Bal 7.130 8/1 470 8/5 1,420 8/3 450 8/12 3,300 8/10 3,680 8/29 920 8/20 2,360 8/25 3,420 8/31 Bal. 2,390 Accounts Receivable 8/1 Bal. 3.430 8/5 1,420 8/27 4,440 8/31 Bal. 6,450 Notes Receivable 8/1 Bal. 4.800 8/31 Bal. 4,800 Interest Receivable Supplies 8/1 Bal. 1,220 8/22 940 . Prepaid Advertising 8/1 470 Equipment 8/1 Bal. 11,800 8/15 2,360 8/31 Bal. 14,160 Accumulated Depreciation-Equipment 8/1 Bal. 710 Question 1 of 4

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