enter august 1 beginning balances in the ledger account (T Accounts). post transactions to T accounts.

Scenario: On August 1, 2021, the following were the account balances of Beam's Repair Services. Account Balances for Beam's Repair Services Debit Credit Cash $ 6,040 Accumulated Depreciation-Equipment $ 600 Accounts Receivable 2.910 Accounts Payable 2,300 Notes Receivable 4,000 Unearned Service Revenue 1,260 Supplies 1.030 Salaries and Wages Payable 1,420 Equipment 10,000 Common Stock 12,000 Retained Earnings 6,400 $23,980 $23.980 Transactions: 3 5 During August, the following summary transactions were completed. Transactions Paid $400 cash for advertising in local newspapers. Advertising flyers will be included Aug. 1 with newspapers delivered during August and September Paid August rent $380. Received $1.200 cash from customers in payment on account. Paid $3,120 for salaries due to 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 Purchased store equipment on account $2,000. Paid creditors $2,000 of accounts payable due. 22 Purchased supplies on account $800. Paid $2.900 cash for employees' salaries. Billed customers $3.760 for services performed Received $780 from customers for services to be performed in the future. 10 Ebrary 15 ices 20 25 27 29