On July 31, 2021, the beginning of a new fiscal year, Sandhill Repair Services Ltd. reported the following alphabetically ordered list of accounts and amounts.

Accounts payable $ 2,400 Accounts receivable 3,400	Deferred revenue $1,250
Accumulated depreciationvehicles 4,800	Equipment 9,500
Bank loan payable (non-current) 4,000	Retained earnings 16,820
Cash 8,700	Salaries payable 1,440
Vehicles 24,000	Supplies 1,110
Common shares 14,100	Accumulated depreciationequipment 1,900

During August, the following summary transactions were completed:

Aug. 1 Paid $220 for advertising on Kijiji for the current month. 2 Provided $1,250 of services related to cash received in advance last month for services to be performed this month. 3 Paid August rent, $1,010. 6 Received $1,300 cash from customers in payment of accounts. 7 Signed a contract with Merrithews Appliances Ltd. to provide future repair services for its customers as required. 10 Paid $3,040 for salaries due employees, of which $1,600 was for August and $1,440 for July salaries payable. 13 Received $2,500 cash for services performed to date in August. 15 Purchased new equipment for $1,800, which was financed with a bank loan. 20 Paid creditors $2,000 of accounts due. 22 Purchased supplies on account for $800. 24 Paid $2,900 for employees salaries. 27 Billed customers $3,590 for services performed. 29 Received $720 from customers for services to be performed in the future. 30 Paid $400 on the bank loan, in addition to interest of $40. 31 Paid income tax of $340. 31 Declared and paid $400 of dividends to shareholders.

Set up T accounts, enter the opening balances in the general ledger