During August Torbique Ltd$,$ completed the following transactlons in August: $02-$Aug Purchascd equipment worth $$48,000$ and an estimated useful life of $4$ years $(48$ months$)$ for cash. $03-$Aug Paid $$6,000$ cash to coven rent for ane querter $($the three months from August $1$ to October $31)06-$Aug Purchased Insurance for $$18,000.$ The coverage will be in effect lor one,year $(12$ months$).10-$Aug Paid $$5,000$ for employee salaries. $$4,200$ is for salaries incurred during August and $$800$ Sslarics Payable at the end ol July.

$13-$Aug Received $$4,900$ from a new client. $$2\mathrm{.}00$ is revonue earried by Torblque at the time of signing, the remainder will be earned in later months.

$17-$Aug Paid $$4,000$ to a supplier. This money was payable at the beginning of the month.

$27-$Aug Rerformed services worth $$8,425.$ Tho customer agreed to pay the bill in mid$-$September.

Additional Information:

i$.$ Rent and lnsume for Auguisi have expired and to be recorded as expense at the end of August.

ii$.$ Depreciation is to be charged on monthly basis and recorded at the and of every month.

Notes OC NaT use commas or dollar signs in your answers $($e$.$g$.2750,$ NOT $$2,750).$ Enter a $0$ in any text box that should have no value.

List the Journal Entries based on date above. If more than one entry takes place on the same date, post the entries in the ardor that ilie nalated entries appear above.