John Piper opened Pied Piper's Pest Removal on Aug 1. The following transactions were completed during August: Aug 1 Shareholders invested $8,000 cash in exchange for shares of stock.

1. Paid $1,200 cash for August rent on an office.

2. Purchased $2,500 supplies on account from ChemEx Company.

5 .Purchased several vans costing $30,000; paid $3,000 cash and signed a promissory note for the balance due.

8 . Borrowed $5,000 cash from the bank and signed a promissory note for the balance due.

12. Purchased a 1-year auto insurance policy for $2,400 cash.

15. Performed pest removal services and received $6,000 cash from customers.

17. Made a $1,000 cash payment on account to ChemEx (related to the Aug 2 purchase).

20. Performed pest removal services and billed the customers $7,500. 23 Paid $1,500 cash dividends to shareholders.

27 Received a $1,600 cash advance from a local business for pest removal services to be performed for the business over the next 4 months beginning on September 1.

28 Received $3,000 cash on account from previously billed customers.

30 Paid cash for an employee's salary for August, $2,800. 31 Received the August utility bill of $800--the bill will be paid in September.

REQUIRED:

A. In the attached general journal, journalize (in good form) the effects of the above transactions.

B. Post your entries in the attached general ledger of accounts.

C. Prepare a trial balance for August 31.