On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were ported by Bonita Ltd. During August, the following summary transactions were completed. Paid $410 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered Aug. 1 during August and September. (Hint: Use the Prepaid Advertising account.) 3 Paid August rent $410. (Hint: Use the Prepaid Rent account.) 6 Received $2,920 cash from customers in payment of accounts. 10 Paid $3,190 for salaries due employees, of which $1,790 is for August and $1,400 is for July salaries payable. 13 Received $4,120 cash for services performed in August. 15 Purchased additional equipment on account $2,010. 17 Paid creditors $2,010 of accounts payable due. 22 Purchased supplies on account $790. 24 Paid salaries $3,060. 27 Performed services worth $5,240 on account and billed customers. 29 Received $820 from customers for services to be provided in the future. 31 Declared and paid a $520 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 0 for the amounts.) Aug. 13 Cash Service Revenue Aug. 15 equipment Accounts Payable 2010 Aug. 17 Accounts Payable 2010 Aug. 22 Supplies 790 Accounts Payable Aug. 24 Salaries Expense Cash 3060 Accounts Receivable 5240 Service Revenue 5240 Aug. 29 Cash 820 Prepare T accounts, enter any opening balances, post the general journal entries and calculate end balances. (Post entries in the order of journal entries presented in the previous part. If the ending balance is 0 select Bal for the date and enter 0 for the normal balance for that account.) Aug. 13 Cash Service Revenue Aug. 15 equipment Accounts Payable 2010 Aug. 17 Accounts Payable 2010 Aug. 22 Supplies 790 Accounts Payable Aug. 24 Salaries Expense Cash 3060 Accounts Receivable 5240 Service Revenue 5240 Aug. 29 Cash 820 Prepare T accounts, enter any opening balances, post the general journal entries and calculate end balances. (Post entries in the order of journal entries presented in the previous part. If the ending balance is 0 select Bal for the date and enter 0 for the normal balance for that account.) U~1 Prepaid Advertising Supplies Prepaid Rent Note Receivable Interest Receivable Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Service Revenue Salaries Expense
