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On Apt 1.2022, the following were the account balances of Riverbed Repair Services Debit Credit Casti 56.100 5610 Accounts Receivable 2,970 2350 Notes Receivable 4.000
On Apt 1.2022, the following were the account balances of Riverbed Repair Services Debit Credit Casti 56.100 5610 Accounts Receivable 2,970 2350 Notes Receivable 4.000 Accumulated Depreciation-Cquipment Accounts Payable Une and Service Ravenue Salaries and Wages Payable Owner's Capital 1.290 1050 1.450 Supplies Equipment 10.200 10.680 $24380 524380 5 10 During August, the following summary transactions were completed Paid $410 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered Aug 1 during August and September 3 Paid August rent $390, Received $1.220 cash from customers in payment on account. Paid $3,180 for salaries due employees, of which $1,730 is for August and $1,450 is for July salaries payable Received $2,860 cash for services performed in August. 15 Purchased store equipment on account $2,040 Paid creditors $2,040 of accounts payable due 22 Purchased supplies on account 5820 25 Paid $2.960 cash for employees'salaries. Billed customers $3,840 for services performed 29 Received $800 from customers for services to be performed in the future 12 20 27 Adjustment data: 1 2 3 A count shows supplies on hand of $980, Accrued but unpaid employees' salaries are $1.570. Depreciation on equipment for the month is $330. Services were performed to satisfy $820 of unearned service revenue. One month's worth of advertising services has been received One month of interest revenue related to the $4,000 note receivable has accrued. The 4-month note has a 6% annual interest rate 5. 6. Joumalize and post adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Prepare an owner's equity statement for August RIVERBED REPAIR SERVICES Owner's Equity Statement
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