On August 1, 2018, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Tobique Ltd.

Accounts payable		$2,500		Interest receivable		20
Accounts receivable		4,740		Note receivable, due October 31, 2018		4,000
Accumulated depreciationequipment		2,030		Retained earnings		6,040
Cash		5,520		Salaries payable		1,460
Common shares		12,000		Supplies		1,030
Equipment		10,100		Unearned revenue		1,380

During August, the following summary transactions were completed.

Aug. 1		Paid $440 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.)
3		Paid August rent $380. (Hint: Use the Prepaid Rent account.)
6		Received $3,040 cash from customers in payment of accounts.
10		Paid $2,910 for salaries due employees, of which $1,450 is for August and $1,460 is for July salaries payable.
13		Received $4,100 cash for services performed in August.
15		Purchased additional equipment on account $1,910.
17		Paid creditors $1,910 of accounts payable due.
22		Purchased supplies on account $720.
24		Paid salaries $3,110.
27		Performed services worth $4,400 on account and billed customers.
29		Received $750 from customers for services to be provided in the future.
31		Declared and paid a $550 dividend.

Date	Account Titles and Explanation	Debit	Credit
August 1	Prepaid advertisement	$440
	Cash		$440
	( To record advertisement expense)
August 3	Prepaid rent	$380
	Cash		$380
	( To record prepaid rent)
August 6	Cash	$3,040
	Accounts receivable		$3,040
	( To record cash received from customer)
August 10	Salaries expense	$1,450
	Salaries payable	$1,460
	Cash		$2,910
	( To record salaries expense)
August 13	Cash	$4,100
	Service revenue		$4,100
	( To record service revenue)
August 15	Equipment	$1,910
	Accounts payable		$1,910
	( To record equipment)
August 17	Accounts payable	$1,910
	Cash		$1,910
	( To record payment to creditors)
August 22	Supplies	$720
	Accounts payable		$720
	( To record supplies )
August 24	Salaries expense	$3,110
	Cash		$3,110
	( To record salaries expense)
August 27	Accounts receivable	$4,400
	Service revenue		$4,400
	( To record service revenue)
August 29	Cash	$750
	Unearned revenue		$750
	( To record unearned revenue)
August 31	Dividends	$550
	Cash		$550
	( To record dividends)

(c)

Prepare a trial balance at August 31.