On August 1, 2020, the following were the account balances of Novak Repair Services. Cash Accounts Receivable Notes Receivable Supplies Equipment Debit $5,680 2,740 3,800 970 9,400 22,590 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Owner's Capital Credit 560 2,160 1,180 1,330 17,360 22,590 During August, the following summary transactions were completed. Aug. 1 3 5 10 12 Paid $380 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. Paid August rent $360. Received $1,130 cash from customers in payment of account. Paid $2,930 for salaries due employees, of which $1,600 is for August and $1,330 is for July salaries payable. Received $2,630 cash for services performed in August. Purchased store equipment on account $1,880. Paid creditors $1,880 of accounts payable due. Purchased supplies on account $750. Paid $2,730 cash for employees' salaries. Billed customers $3,530 for services performed. Received $730 from customers for services to be performed in the future. 15 20 22 25 27 29 Enter the August 1 balances in the ledger accounts. Cash 8/1 Bal. 5680 8/1 380 Accounts Receivable 2740 Notes Receivable 8/1 Bal. 8/1 8/3 8/5 8/10 8/12 15 8/20 8/22 8/25 8/27 8/29 8/30 Bal. 3800 I Supplies 970 8/1 380 Equipment 8/1 Bal. 9400 Accumulated Depreciation-Equipment 8/1 Bal. 560 Accounts Payable 8/1 Bal. 2160 Unearned Service Revenue 8/1 Bal. 1180 Salaries and Wages Payable 8/1 Bal. 1330 Owner's Capital 8/1 Bal. 17360