Journalize the August transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Aug. 3		Collected $ 1,460 of accounts receivable due from customers.
5		Received $ 1,590 cash for issuing common stock to new investors.
6		Paid $ 3,290 cash on accounts payable.
7		Performed legal services of $ 7,930, of which $ 3,660 was collected in cash and the remainder was due on account.
12		Purchased additional equipment for $ 1,460, paying $ 490 in cash and the balance on account.
14		Paid salaries $ 4,270, rent $ 1,100, and advertising expenses $ 335 for the month of August.
18		Collected the balance for the services performed on August 7.
20		Paid cash dividend of $ 610 to stockholders.
24		Billed a client $ 1,220 for legal services performed.
26		Received $ 2,440 from Laurentian Bank; the money was borrowed on a bank note payable that is due in 6 months.
27		Agreed to perform legal services for a client in September for $ 5,490. The client will pay the amount owing after the services have been performed.
28		Received the utility bill for the month of August in the amount of $ 335; it is not due until September 15.
31		Paid income tax for the month $ 610.