From the following transactions as well as additional data, please complete the entire accounting cycle for Atherton Plumbing Services of Saskatoon. Chart of Accounts Assets Liabilities 111 Cash 211 Accounts Payable 112 Accounts Receivable 212 Salaries Payable 114 Prepaid Rent 115 Plumbing Supplies Owners Equity 121 Office Equipment 311 Martin Atherton, Capital 122 Accumulated Amortization, 312 Martin Atherton, Withdrawals Office Equipment 313 Income Summary 123 Plumbing Equipment 124 Accumulated Amortization, Revenue Plumbing Equipment 411 Plumbing Fees Expenses 511 Salaries Expense 512 Advertising Expense 513 Telephone Expense 514 Cleaning Expense 515 Plumbing Supplies Expense 516 Rent Expense 517 Amortization Expense, Office Equipment 518 Amortization Expense, Plumbing Equipment 2010 Aug. 1 To open the business, Martin Atherton invested $10,000 cash and $4,800 worth of plumbing equipment. 1 Paid rent for 4 months in advance, $1,600. 4 Purchased office equipment on account from The Office Standard, $2,050. 6 Bought plumbing supplies, $1,125. 8 Collected $3,600 for plumbing services provided. 9 Martin paid his home utility bill from the company chequebook, $108. 10 Billed Southern Construction Inc. for plumbing fees earned but not to be received until later, $10,200. 14 Advertising bill received from TYDI Radio Co. but not to be paid until next month, $380. 21 Received cheque from Southern Construction Co. in partial payment on transaction dated August 10, $5,100. 26 Paid salaries to employees, $2,850. 28 Paid The Office Standard one-half of amount owed for office equipment, $1,025. 29 Paid telephone bill of company, $142. 31 Received bill from Precise Cleaning to be paid in June, $230. Adjustment Data a. Plumbing supplies on hand at month-end totaled $420. b. Rent expired during August was for one month. c. Amortization on office equipment was based on the straight-line method, six-year life and a residual value of $400. d. Amortization on plumbing equipment is also straight-line, four-year life and $250 residual value. e. Salary accrued was 25% of the salaries paid on August 26.