On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Sunland Ltd. Accounts payable $2,530 Accounts receivable 3,880 Accumulated depreciation equipment 1,960 Cash 5,950 Common shares 13,000 Deferred revenue 1.310 Equipment 10,500 Interest receivable 22 Note receivable, due October 31, 2021 4,400 Retained earnings 5,702 Salaries payable 1,330 Supplies 1,080 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. (Hint: Use the Prepaid Advertising account.) 3 Paid August rent $400. (Hint: Use the Prepaid Rent account.) 6 Received $3,400 cash from customers in payment of accounts. 10 Paid $3,220 for salaries due employees, of which $1,890 is for August and $1,330 is for July salaries payable. 13 Received $3,850 cash for services performed in August. 15 Purchased additional equipment on account $1,850. 17 Paid creditors $1,850 of accounts payable due. 22 Purchased supplies on account $830. 24 Paid salaries $2,970. 27 Performed services worth $4,540 on account and billed customers. 29 Received $710 from customers for services to be provided in the future. 31 Declared and paid a $490 dividend. Record the above summary transactions. (Record journal entries in the order presented in the problem. List all debit entries before credit 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Aug. 1 Aug. 3 Aug. 6 V Aug. 10 Aug. 13 Aug. 15 Aug. 17 > Aug. 22 Aug. 24 Aug. 27 Aug. 24 Aug. 27 V Aug. 29 Aug. 31