On August 1, 2022, the following were the account balances of Indigo Repair Services During August, the following summary transactions were completed Aug 1 Paid $460 cash for advertising in local newspapers Advertising flyers will be included with newspapers delivered during August and September 3 Paid August rent $440 5 Received $1,390 cash from customers in payment of account 10 Paid $3,620 for salaries due employees, of which $1,970 is for August and $1,650 is for July salaries payable 12 Received $3,250 cash for services performed in August 15 Purchased store equipment on account $2,320 20 Paid creditors $2,320 of accounts payable due 22 Purchased supplies on account $930 25 Paid $3,360 cash for employees salaries 27 Billed customers $4,360 for services performed 29 Received $900 from customers for services to be performed in the future Adjustment data 1 A count shows supplies on hand of $1,110 2 Accrued but unpaid employees salaries are $1,790 3 Depreciation on equipment for the month is $370 4 Services were performed to satisfy $930 of unearned service revenue 5 One months worth of advertising services has been received 6 One month of interest revenue related to the $4,600 note receivable has accrued The 4 month note has a 6 annual interest rate Indigos chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense Debit Credit $7,010 Accumulated Depreciation Equipment Cash 700 Accounts Receivable 3,380 Accounts Payable 2,670 Notes Receivable 4,600 Unearned Service Revenue 1,460 Salaries and Wages Payable Supplies 1,190 1,650 Equipment 11,600 Common stock 13,900 Retained Earnings 7,400 27,780 27,780 Prepare an income statement for August INDIGO REPAIR SERVICES Income Statement $ $ Prepare a retained earning statement for August INDIGO REPAIR SERVICES Retained Earnings Statement $ $ tA Prepare a classified balance sheet at August 31 (List Current Assets in order of liquidity, ) INDIGO REPAIR SERVICES Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity $

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On August 1, 2022, the following were the account balances of Indigo Repair Services. During August, the following summary transactions were completed. Aug. 1 Paid

On August 1, 2022, the following were the account balances of Indigo Repair Services.

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During August, the following summary transactions were completed.

Aug. 1		Paid $460 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September.
3		Paid August rent $440.
5		Received $1,390 cash from customers in payment of account.
10		Paid $3,620 for salaries due employees, of which $1,970 is for August and $1,650 is for July salaries payable.
12		Received $3,250 cash for services performed in August.
15		Purchased store equipment on account $2,320.
20		Paid creditors $2,320 of accounts payable due.
22		Purchased supplies on account $930.
25		Paid $3,360 cash for employees salaries.
27		Billed customers $4,360 for services performed.
29		Received $900 from customers for services to be performed in the future.

Adjustment data:

1.		A count shows supplies on hand of $1,110.
2.		Accrued but unpaid employees salaries are $1,790.
3.		Depreciation on equipment for the month is $370.
4.		Services were performed to satisfy $930 of unearned service revenue.
5.		One months worth of advertising services has been received.
6.		One month of interest revenue related to the $4,600 note receivable has accrued. The 4-month note has a 6% annual interest rate.

Indigos chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense.

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Debit Credit $7,010 Accumulated Depreciation-Equipment Cash 700 Accounts Receivable 3,380 Accounts Payable 2,670 Notes Receivable 4,600 Unearned Service Revenue 1,460 Salaries and Wages Payable Supplies 1,190 1,650 Equipment 11,600 Common stock 13,900 Retained Earnings 7,400 27,780 27,780 Prepare an income statement for August. INDIGO REPAIR SERVICES Income Statement $ $ Prepare a retained earning statement for August. INDIGO REPAIR SERVICES Retained Earnings Statement $ $ tA Prepare a classified balance sheet at August 31. (List Current Assets in order of liquidity,.) INDIGO REPAIR SERVICES Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity $