No need to explain

QuestionSofS -/15 '5 View Policies Current Attempt in Progress On July 31, 2022, the general ledger of Pharoah Legal Services Inc. showed the following balances: Cash $4,320, Accounts Receivable $1,620, Supplies $540, Equipment $5,400, Accounts Payable $4,430, Common Stock $3,780, and Retained Earnings $3,670. Du ring August, the following transactions occurred. Aug. 3 Collected $1,300 of accounts receivable due from customers. 5 Received $1,400 cash for issuing common stock to new investors. 6 Paid $2,920 cash on accounts payable. 7 Performed legal services of $7,020, of which $3,240 was collected in cash and the remainder was due on account. 12 Purchased additional equipment for $1,300, paying $430 in cash and the balance on account. 14 Paid salaries $3,780, rent $970, and advertising expenses $295 for the month of August. 18 Collected the balance for the services performed on August 7. 20 Paid cash dividend of $540 to stockholders. 24 Billed a client $1,080 for legal services performed. 26 Received $2,160 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 $4,860. 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 $295; it is not due until September 15. 31 Paid income tax for the month $540. Question 5 of 5 Using T-accounts, enter the beginning balances to the ledger. Cash v Accounts Receivable v Supplies V V Equipment V V Accounts Payable V V Common Stock V V Retained Earnings v