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.

TOBIQUE LTD. Adjusted Trial Balance August 31, 2018 Debit Credit Cash Accounts Receivable Notes Receivable 4000 Interest Receivable Tsupplies 1000 Prepaid Advertising Income Tax Expense 290 Equipment 12010 Accumulated Depreciation - Equipment 2233 Taccounts Payable 3220 Salaries Payable 1670 Income Tax Payable 290 Unearned Revenue 1340 Dividends Declared TRetained Earnings 6040 Common Shares 12000 Service Revenue 9290 Interest Revenue Depreciation Expense Rent Expense Advertising Expense Tsupplies Expense Salaries Expense 36103 Prepare an income statement. TOBIQUE LTD. Income Statement Month Ended August 31, 2018