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JE HIPIUgress On July 31, 2022, the general ledger of Oriole Legal Services Inc. showed the following balances: Cash $4,240, Accounts Receivable $1,590, Supplies $530,

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JE HIPIUgress On July 31, 2022, the general ledger of Oriole Legal Services Inc. showed the following balances: Cash $4,240, Accounts Receivable $1,590, Supplies $530, Equipment $5,300, Accounts Payable $4,350, Common Stock $3,710, and Retained Earnings $3,600. During August, the following transactions occurred, Aug. 3 uw 6 7 12 14 18 Collected $1,270 of accounts receivable due from customers. Received $1,380 cash for issuing common stock to new investors. Paid $2,860 cash on accounts payable. Performed legal services of $6,890, of which $3,180 was collected in cash and the remainder was due an account Purchased additional equipment for $1,270, paying $420 in cash and the balance on account. Paid salaries $3.710, rent $950, and advertising expenses $290 for the month of August. Collected the balance for the services performed on August 7. Paid cash dividend of $530 to stockholders. Billed a client $1,060 for legal services performed. Received $2,120 from Laurentian Bank; the money was borrowed on a bank note payable that is due in 6 months Agreed to perform legal services for a client in September for $4.770. The client will pay the amount owing after the services have been performed Received the utility bill for the month of August in the amount of $290: it is not due until September 15, Paid income tax for the month $530, 20 24 26 27 28 31 (a) Using T-accounts, enter the beginning balances to the ledger. MacBook Pro 11.25 / 15 TI Prepare a trial balance on August 31, 2022. ORIOLE LEGAL SERVICES INC. Trial Balance Debit Credit Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Advertising Expense Advertising Expense Utilities Expense Income Tax Expense $ $

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