On August 1.2022. the following were the account balances of Riverbed Repair Services Debit Credit Cash 56,160 Accumulated Depreciation Equipment 5610 Accounts Receivable 2.970 2350 Notes Receivable 4000 1.290 Accounts Payable Uneared Service Revenue Salaries and Wages Payable Owner's Capital Supplies 1050 1.450 Equipment 10.200 18.680 $24,380 $24,380 During August, the following summary transactiohs were completed Aue 1 Paid $410 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September 3 5 Paid August rent $390, Received $1.220 cash from customers in payment on account Paid 53.180 for salaries due employees, of which $1,730 is for August and S1 ASD is for July salaries payable Received $2,860 cash for services performed in August 10 12 15 20 Purchased store equipment on account $2040 Paid creditors $2,040 of accounts payable due Purchased supplies on account $820 22 25 Paid $2.960 cash for employees salaries 27 Billed customers $3.840 for services performed 29 Received 5800 from customers for services to be performed in the future. Adjustment data: 1. 2. 3. 4. A count shows supplies on hand of $980, Accrued but unpaid employees salaries are $1,570. Depreciation on equipment for the month is $330. Services were performed to satisfy $820 of unearned service revenue. One month's worth of advertising services has been received. One month of interest revenue related to the $4.000 note receivable has accrued. The 4-month note has a 6% annual interest rate. 5 6. Journalize and post adjusting 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.) Journalize and post adjusting 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) No Date Account Titles and Explanation Debit Credit 1 Aug. 31 2 Aug 31 I 3 Aug. 31 4 Aug 31 5 Aug 31 Aug 31 Cash B/1 Bal 6.160B/1 410 B/5 1.2208/3 390 8/12 2860 8/10 3.180 8/29 8008/20 2040 8/25 2.960 8/31 Bal 2060 Acoqunts Receivable 8/1 Bal 2.9708/5 1.220 8/27 38-40 8/31 Bal 5.590 Notes Receivable 8/1 4000 8/31 Bal 4000 Interest Receivable Supplies 8/1 Bal 1.050 8/22 820 Supplies Il/L 1050 5/22 520 Prepaid Advertising 8/1 410 Equipment al 10 200 8/15 2.040 B/31 12240 Accumulated Depreciation Equipment /B 010 Accounts Payable 8/20 2040 Bal 2.350 315 2040 122 430 31 2170 Unearned Service Revenue /al 1.290 100 salaries and Wages Payable 10 1.450 1.450 v Owner's Capital B/1 Bal 18.680 8/31 Bal 16.680 Service Revenue 8/12 2.860 8/22 1840 Interest Revenue Depreciation Expense I Supplies Expense > Salaries and Wages Expense 8/10 1,730 1.730 8/25 2.960 V > Rent Expense 8/3 390 Advertising Expense
