Instruction: Prepare journal entries for the company's August transactions in the following format: 1.000 Common Stock 1.000 Jan 2: Cash August Transactions Aug 5 Received 51.200 cash from customers in payment of account 10 Paid $3,120 for salaries due 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 15 Purchased store equipment on account $2,000 17 Purchased supplies on account $860 20 Paid creditors 52.000 of accounts payable due 22 Paid August rent $380 15 Purchased store equipment on account $2,000. 17 Purchased supplies on account $860. 20 Paid creditors $2,000 of accounts payable due. 22 Paid August rent $380. 25 Paid salaries $2.900 27 Performed services worth $3,130 on account and billed customers, 29 Received $780 from customers for services to be provided in the future