On August 1,2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Sheridan Ltd. Accounts payable $2,440 Accounts receivable 4,090 Accumulated depreciation-equipment 1,830 A Cash 6.210 Common shares 12,500 Deferred revenue 1,160 Equipment 9,600 Interest receivable 21 Note receivable, due October 31, 2021 4,200 Retained earnings 5,841 Salaries payable 1,340 Supplies 990 During August, the following summary transactions were completed Aug. 1 Paid $420 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.) During August, the following summary transactions were completed. Aug. 1 Paid $420 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 $410. (Hint: Use the Prepaid Rent account.) 6 Received $3,200 cash from customers in payment of accounts. 10 Paid $3,100 for salaries due employees, of which $1,760 is for August and $1,340 is for July salaries payable. 13 Received $3,760 cash for services performed in August. 15 Purchased additional equipment on account $2,160. 17 22 24 27 Paid creditors $2,160 of accounts payable due. Purchased supplies on account $870. Paid salaries $3,040. Performed services worth $4,590 on account and billed customers. 29 Received $790 from customers for services to be provided in the future. 31 Declared and paid a $480 dividend. (a) 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 requirest, select "No Entry for the account titles and enter 0 for the amounts) Date Account Titles and Explanation Debit Credit (a) 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 LEY E Question 1 of 1 -/100