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On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Bonita Ltd.

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On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Bonita Ltd. Accounts payable $2.510 Accounts receivable 4,090 Accumulated depreciation-equipment 1840 Cash 6,380 Common shares 11.700 Deferred revenue 1.280 Equipment 9.900 21 Interest receivable 4200 Note receivable.due October 31, 2021 6.911 Retained earnings Salaries payable 1340 it Interest receivable 21 4,200 Note receivable, due October 31, 2021 Retained earnings Salaries payable 6,911 1,340 Supplies 990 During August. the following summary transactions were completed. Aug. 1 Paid $ 390 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.) Paid August rent $ 340. (Hiet: Use the Prepaid Rent account) Received $ 3.040 cash from customers in payment of accounts 3 6 10 Paid $ 3.270 for salaries due employees, of which 5 1.930 is for Augustand 5 1340 ls for July salaries poyable During August, the following summary transactions were completed. Aug. 1 3 6 10 Paid $ 390 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint:Use the Prepaid Advertising account.) Paid August rent $340. (Hint: Use the Prepaid Rent account.) Received $3,040 cash from customers in payment of accounts. Paid $ 3.270 for salaries due employees, of which $ 1.930 is for August and $ 1.340 is for July salaries payable. Received $3,500 cash for services performed in August Purchased additional equipment on account $1.950, Paid creditors 5 1.950 of accounts payable due Purchased supplies on account $ 800. 13 15 17 22 24 Paid salaries $ 3.030 27 Performed services worth $ 5.170 on account and billed customers. 29 Received $ 750 from customers for services to be provided in the future. 50 of accounts payable due. Purchased supplies on account $ 800. 22 24 Paid salaries $3,030. 27 Performed services worth $5,170 on account and billed customers. 29 Received $ 750 from customers for services to be provided in the future. 31 Declared and paid a $ 540 dividend. Bonita records adjustments monthly. Adjustment data for the month of August are as follows: 1 2. 3. 4. 5. One month's worth of advertising services have been received. The August rent has expired. Accrued salaries payable are $ 1.400. Depreciation for the month is $ 184. Supplies on hand at August 31 are $880. Services were performed to satisfy $ 810 of Deferred revenue. One month of interest income related to the $ 4.200 note receivable has accrued. The note was issued on June 30 and is due October 31 and has a 6% annual interest rate. Interest is due at maturity. Income tax of $ 270 is estimated to be owed for the month of August. 6. 7 8 Prepare the August adjusting journal entries. (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 for the amounts. Record journal entries in the order presented in the problem.)

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