K$.$ Received the phone bill for the month of July, $$200.$

L$.$ Paid $$300($check #$8099)$ for insurance for the month.

M$.$ Paid $$50($check #$8100)$ of the amount due from Transaction D in the July list of

transactions.

N$.$ Paid advertising expense for the month, $$500($check $$8101).$

O$.$ Billed a client $($Kristen Tarsia$)$ for service rendered, $$1,100.$

P$.$ Collected $$1,400$ for services rendered. $($Assume cash collection occurred at the same

time services were rendered.$)$

Q$.$ Paid the electric bill in full for the month of July $($check #$8102,$ Transaction $H,$ from the

July list of transactions$).$

R$.$ Paid cash $($check #$8103)$ for $$20$ in stamps.

S$.$ Purchased $$500$ worth of supplies from The Computer Store on credit.

Assignment

The $T$ accounts, along with their balances as of July $31,202x$ have been set up for you.

Record transactions $K$ through $S$ in the appropriate $T$ accounts.

Foot and take the balances of the $T$ accounts where appropriate.

Prepare a trial balance at the end of August.

From the trial balance, prepare an income statement, statement of owner's equity, and a

balance sheet for the $2$ months ending with August $31,202$X$.$