On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Waterway Ltd. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Deferred revenue Equipment $2,410 4,080 1,980 5.900 11.400 1.350 10,300 Interest receivable 20 20 Note receivable, due October 31, 2021 4,000 Retained earnings 6,610 Salaries payable 1.550 Supplies 1,000 During August, the following summary transactions were completed. Aug. 1 Paid $430 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 $2.970 cash from customers in payment of accounts. 10 Paid $3,400 for salaries due employees, of which $1,850 is for August and $1.550 is for July salaries payable. 13 Received $3,750 cash for services performed in August. 15 Purchased additional equipment on account $2.140. 17 Paid creditors $2.140 of accounts payable due. 22 24 Purchased supplies on account $810. Paid salaries $3,040. Performed services worth $5,160 on account and billed customers. Received $830 from customers for services to be provided in the future. Declared and paid a $490 dividend. Prepare T accounts, enter any opening balances, post the general journal entries and calculate end balances. (Post en order of journal entries presented in the previous part. If the ending balance is O select Bal for the date and enter O for the norm for that account.) Aug. 1 Bal. Aug. 6 Aug. 13 Aug. 29 > > > Aug. 31 Bal. Cash Aug. 1 2970 Aug. 3 3750 Aug. 10 830 Aug. 171 > < Aug. 24 Aug. 31 > > 430 400 3400 W 2140 3040 v 490 Aug. 31 Bal. v Aug. 31 490 Aug. 1 Bal. Aug. 27 Accounts Receivable Aug. 6 v Aug. 31 Bal. Aug. 1 Aug 31 Balv Prepaid Advertising Aug. 31 I Aug. 1 Bal. Aug. 22 v Aug. 31 Bal. V Aug. 3 v Aug. 31 Bal. Aug. 1 Bal. Aug. 31 Bal. Suppres Aug 31 Prepaid Rent Aug 31 Note Receivable Aug. 1 Bal. Interest Receivable Aug. 31 Bal. Aug. 31 Aug. 1 Bal. Aug. 15 v Aug. 31 Bal. Equipment Aug. 1 Bal. Accumulated Depreciation - Equipment Aug. 31 v Aug. 31 Bal. Aug. 17 Accounts Payable Aug. 1 Bal. Aug. 15 V Aug. 22 Aug. 31 Bal. v Aug. 10 Aug. 31 Salaries Payable Aug. 1 Bal Aug. 31 Bal. 4 Aug. 31 V Aug. 1 Aug. 31 Bal Deferred Revenue Aug. 1 Bal. Aug. 29 v Aug. 31 Bal. v Common Shares Aug. 1 Bal. Aug. 31 Bal, v Retained Earnings Aug 1 Bal. Aug. 31 Aug. 31 Aug. 31 Balv Dividends Declared Aug. 1 Bal. Aug. 31 Bal. v Service Revenue Aug. 31. v Aug. 27 v Aug. 31 v Aug. 10 Salaries Expense Aug 24 Aug. 31 Bal. v Aug 10 Aug. 24 Aug 31 Aug. 27 Aug. 31 Salaries Expense > Aug. 31 V Aug. 31 Bal. v Date Account Titles and Explanation Debit Aug. 1 Prepaid Advertising Cash Aug. 3 Prepaid R Cash Aug. 6 v Cash Accounts Receivable Aug10-> Salaries Payable. 430 400 2970 1550 Salaries Expense 1850 Cash Credit 430 400 2970 3400 Aug. 13 Cash Service Revenue Aug. 15 Equipment Accounts Payable Aug. 17 v Accounts Payable Cash Aug. 22 Supplies Accounts Payable Aug. 241 Salaries Expense 3750 2140 2140 810 3040 !! 3750 2140 2140 810 Cash Aug. 27 v Accounts Receivable 5160 Aug. 29 V Service Revenue Cash Deferred Revenue 830 Aug. 31 Dividends Declared 490 Cash 3040 5160 830 490