On August 1, 2017, the following were the account balances of Martinez Repair Services. Debit Credit Cash $5,440 Accumulated Depreciation-Equipment 540 2,620 Accounts Payable 2,070 Accounts Receivable 3,600 Unearned Service Revenue 1,130 Notes Receivable Salaries and Wages Payable Supplies 930 1,280 10,800 9,000 Common stock Equipment Retained Earnings 5,770 21,590 21,590 During August, the following summary transactions were completed. Aug. 1 Paid $360 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September 3 Paid August rent $340 5 Received $1,080 cash from customers in payment of account. 10 Paid $2,810 for salaries due employees, of which $1,530 is for August and $1,280 is for July salaries payable 12 Received $2,520 cash for services performed in August 15 Purchased store equipment on account $1,800. 20 Paid creditors $1,800 of accounts payable due. 22 Purchased supplies on account $720. 25 Paid $2,610 cash for employees' salaries. 27 Billed customers $3,380 for services performed. 29 Received $700 from cusstomers for services to be performed in the future. Adjustment data: 1. A count shows supplies on hand of $860 2. Accrued but unpaid employees' salaries are $1,390. 3. Depreciation on equipment for the month is $290. 4. Services were performed to satisfy $720 of unearned service revenue. 5. One month's worth of advertising services has been received 6. One month of interest revenue related to the $3,600 note receivable has accrued. The 4-month note has a 6% annual interest rate. Martinez's chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. Enter the August 1 balances in the ledger accounts Cash 8/1 Bal 5,440 Accounts Receivable 8/1 Bal. 2,620 Notes Receivable 8/1 Bal 3,600 Supplies 8/1 Bal. 930 Equipment 8/1 Bal. 9000 Accumulated Depreciation-Equipment 8/1 Bal. 540 Accounts Payable 8/1 Bal. 2070 Unearned Service Revenue 8/1 Bal. 1130 Salaries and Wages Payable 8/1 Bal. 1280 Common Stock 8/1 Bal. 10,800 Retained Earnings 8/1 Bal. 5770 Joumaiae the August transactions (Credit account titles are automatically indented when the amount is entered. Do not indent manualy. Record journal entries in the order presented in the problem. If mo entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) Account Titles and Explanation Dabit Credit Date Aug. 1 repaid Advitising 360 Cash 360 t Expensa Aug. 3 340 Cash 340 Cash Aug. 5 1080 Accounts Rceivable 1080 Aug. 10 Salaries and Wages Expers 1530 Salaries and Wages Payable 1280 Cash 2810 Aug. 12 ash 2520 Servica Reviu 2520 Aug. 15 Equipment 1800 Accounts Payatl 1800 Aug. 20 Accounts Payable 1800 1800 Cash Aug. 22 Supplies 720 Accounts Payabl 720 Aug. 25 Salaries and Wages Expen 2610 Cash 2610 Aug. 27 Accounts Racivable 3380 Servica Reveue 3380 Aug. 29 Cash Unearmed Srvice Ravu 700 Post to the ledger accounts Cash 5,440 8/1 8/1 Bal, 360 1080 8/3 340 8/5 2520 8/10 2810 8/12 700 8/20 1800 8/29 2610 8/25 1820 8/31 Bal. Accounts Receivable 2,6208/5 8/1 Bal. 1080 3380 8/27 4920ll 8/31 Bal. Notes Receivable 8/1 Bal. 3,600 3,600 8/31 Bal. Supplies 9301 8/1 Bal. 720 8/22 8/31 Bal. 1650 Prepaid Advertising 360 8/1 Equipment 9,0001 8/1 Bal 1800 8/15 10,800 8/31 Bal. Prepaid Advertising 8/1 360 Equipment 9,000| 8/1 Bal 1800 8/15 8/31 Bal. 10.800 Accumulated Depreciation-Equipment 8/1 Bal 540 Accounts Payable 8/20 1800 8/1 Bal 2,070 8/15 1800 8/22 720 8/31 Bal, 2,290 Unearned Service Revenus 8/1 BaL 1,130 8/29 700 1830 8/31 Bal, Y Salaries and Wages Payable 8/10 1280 8/1 Bel 1,280 Common Stock l8/1 Bel 0,800 831 Bal 10,800 Retained Earnings 8/1 Bal S,770 Service Revenu 8/12 2520 3380 8/27 B/31 Bal so00 Salaries and Wages Expense 8/10 1530 8/25 2610 8/31 Bal, 4140 Rent Expenser 8/3 240 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 En try" for the account titles and enter 0 for the amounts. Account Titles and Explanation Debit Credit No Date 1 2. 3 4. 5 6 Cash 5,440 8/1 1,080 8/3 2,520 8/10 700 8/20 8/1 Bal 360 340 8/5 2,810 8/12 1,800 8/29 8/25 2,610 8/31 Bal 1,820 Accounts Receivable 2,620 8/5 8/1 Bal, 1,080 8/27 3,380 4,920 8/31 Bal. Notes Receivable 8/1 Bal 3,600 8/31 Bal 3,600 Interest Receivable Supplies 8/1 Bal, 930 720 8/22 Prepaid Advertising 360 8/1 Equipment 8/1 Bal 9,000 1,800 8/15 10.800 8/31 Bal. Accumulated Depreciation-Equipment 8/1 Bal 540 Accounts Payable 1800 8/1 Bal 8/15 l8/22 8/20 2,070 1,800 720 8/31 Bal 2,790 Unearned Service Revenue 8/1 Bal 1,130 l8/29 200 Salaries and Wages Payable 1280 8/1 Bal 8/10 1,280 Common Stock 8/1 Bal 8/31 Bal 10.800 10,800 Retained Earnings 5,770 8/1 Bel Service Reysnue 8/12 2,520 8/27 3.380 Interest RRVSOUS Depruciation Expense Supplies Expense Salaries and Wages Expensen 1,530 8/10 2,610 8/25 Rent Expensen 340 8/3 Advertising Expense