I already did the Journalizing of adjustments, T-accounts adjustment and Trial and Balance adjustment. I need help with the last three parts: "Adjustment data for the month of August". Please show and indicate your full solutions. Thank you.
On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Coronado Ltd. Accounts payable $2,130 Accounts receivable 3,950 Accumulated depreciation-equipment 2,180 Cash 6,430 Common shares 12,700 Deferred revenue 1,330 Equipment 9,200 Interest receivable 19 Note receivable, due October 31, 2021 3,800 Retained earnings 4,669 Salaries payable 1,440 Supplies 1,050 During August, the following summary transactions were completed. Aug. 1 Paid $370 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.) 3 Paid August rent $410. (Hint: Use the Prepaid Rent account.) 6 Received $3,110 cash from customers in payment of accounts. 10 Paid $3,180 for salaries due employees, of which $1,740 is for August and $1,440 is for July salaries payable. 13 Received $3,540 cash for services performed in August. 15 Purchased additional equipment on account $1,910. 17 Paid creditors $1,910 of accounts payable due. 22 Purchased supplies on account $730. 24 Paid salaries $2,750. 27 Performed services worth $4,320 on account and billed customers. 29 Received $810 from customers for services to be provided in the future. 31 Declared and paid a $510 dividend. Account Titles and Explanation Aug. 1 Prepaid Advertising Cash Aug. 3 v Prepaid Rent Cash Aug. 6 Aug. 10 Date Aug. 13 Cash Accounts Receivable Salaries Expense Salaries Payable Cash Cash Debit 370 410 3,110 1,740 1,440 3,540 Credit 370 410 3,110 3,180 Aug. 15 v Aug. 17 Aug. 22 Aug. 24 Aug. 27 Service Revenue Equipment Accounts Payable Accounts Payable Cash Supplies Accounts Payable Salaries Expense Cash Accounts Receivable Service Revenue 1,910 1,910 730 2,750 4,320 3,540 1,910 1,910 730 2,750 4,320 Aug. 29 Aug. 31 Cash Deferred Revenue Dividends Declared Cash 11 810 510 810 510 Aug. 1 Bal. Aug. 6 Aug. 13 Aug. 29 Aug. 31 Bal. 6,430 3,110 3,540 810 4,760 Cash Aug. 1 Aug. 3 Aug. 10 Aug. 17 Aug. 24 Aug. 31 370 410 3,180 1,910 2,750 510 Aug. 1 Bal. Aug. 27 Aug. 31 Bal. V Aug. 1 Aug. 31 Bal. Aug. 1 Bal. Aug. 22 Aug. 31 Bal. Accounts Receivable 3,950 Aug. 6 4,320 5,160 Prepaid Advertising 370 370 Supplies 1,050 730 1,780 3,110 Aug. 3 Aug. 31 Bal. Aug. 1 Bal. Aug. 31 Bal. Aug. 1 Bal. Aug. 31 Bal. Prepaid Rent 410 410 Note Receivable 3,800 3,800 Interest Receivable 19 19 Aug. 1 Bal. Aug. 15 Aug. 31 Bal. Aug. 17 Equipment 9,200 1,910 11,110 Accumulated Depreciation - Equipment Aug. 1 Bal. Aug. 31 Bal. Accounts Payable 1,910 Aug. 1 Bal. Aug. 15 Aug. 22 2,180 2,180 2,130 1,910 730 Aug. 10 V Aug. 31 Bal. v Aug. 1 Bal. v Aug. 31 Bal. Salaries Payable 1,440 Deferred Revenue Aug. 1 Bal. Aug. 29 Aug. 31 Bal. Common Shares Aug. 1 Bal. Aug. 31 Bal. V V 2,860 1,440 0 1,330 810 2,140 12,700 12,700 Aug. 31 Aug. 31 Bal. Retained Earnings Dividends Declared 510 510 Service Revenue Aug. 1 Bal. Aug. 31 Bal. Aug. 13 Aug. 27 Aug. 31 Bal. V 4,669 4,669 3,540 4,320 7,860 Aug. 10 Aug. 24 Aug. 31 Bal. Salaries Expense 1,740 2,750 4,490 Cash Accounts Receivable Prepaid Advertising Supplies Prepaid Rent Notes Receivable Interest Receivable Equipment Accumulated Depreciation - Equipment CORONADO LTD. Trial Balance August 31, 2021 $ Debit 4,760 5,160 370 1,780 410 3,800 19 11,110 $ Credit 2,180 Accounts Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense LA [III 510 4,490 32,409 LA 2,860 2,140 12,700 4,669 7,860 32,409 Coronado 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 $1,670. 4. Depreciation for the month is $218. 5. Supplies on hand at August 31 are $1,040. 6. Services were performed to satisfy $880 of Deferred revenue. 7. One month of interest income related to the $3,800 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. 8. Income tax of $270 is estimated to be owed for the month of August. 1. 2. 3. 4. 5. Date Account Titles and Explanation Aug. 31 31 31 31 31 Debit T Credit 5. 6. 7. 8. 31 31 31 31
