On July 31, 2017, the general ledger of Shamrock, Inc. showed the following balances: Cash $4,320, Accounts Receivable $1,620, Supplies $540, Equipment $5,400, Accounts Payable $4,430, Common Stock $3,780, and Retained Earnings $3,670. During August, the following transactions occurred.

Aug. 3	Collected $1,300 of accounts receivable due from customers.
5	Received $1,400 cash for issuing common stock to new investors.
6	Paid $2,920 cash on accounts payable.
7	Performed legal services of $7,020, of which $3,240 was collected in cash and the remainder was due on account.
12	Purchased additional equipment for $1,300, paying $430 in cash and the balance on account.
14	Paid salaries $3,780, rent $970, and advertising expenses $295 for the month of August.
18	Collected the balance for the services performed on August 7.
20	Paid dividends of $540 to stockholders.
24	Billed a client $1,080 for legal services performed.
26	Received $2,160 from Laurentian Bank; the money was borrowed on a bank note payable that is due in 6 months.
27	Agreed to perform legal services for a client in September for $4,860. The client will pay the amount owing after the services have been performed.
28	Received the utility bill for the month of August in the amount of $295; it is not due until September 15.
31	Paid income tax for the month $540.

Using T-accounts, enter the beginning balances to the ledger.