On July 31, 2021, the end of the prior fiscal year, Wildhorse Repair Services Ltd. reported the following alphabetically ordered list of accounts and amounts. Accounts payable Accounts receivable Accumulated depreciation-equipment Accumulated depreciation-vehicles Bank loan payable (non-current) Cash Common shares Aug. 1 2 3 7 $2,100 10 3,100 2,000 5,000 4,000 During August, the following summary transactions were completed: 7,200 14,200 Deferred revenue Equipment Retained earnings Salaries payable Supplies Vehicles $1,190 MacBook Air 10,000 16,340 1,460 990 25,000 Paid $280 for advertising on Kijiji for the current month. Provided $1,190 of services related to cash received in advance last month for services to be performed this month. Paid August rent, $990. Received $1,200 cash from customers in payment of accounts. Signed a contract with Merrithew's Appliances Ltd. to provide future repair services for its customers as required. Paid $3,060 for salaries due employees, of which $1,600 was for August and $1,460 for July salaries payable.

WILDHORSE REPAIR SERVICESLTD Statement of Income $ Question 8 of 8 Aug 30 Loan principal Loan interest Aung 31 Incometax Aug 31 Dividends declared and paid Receipts: Aug, 6 On account from customers. Aug. 13 Revenue Aug. 29 Deferred revenue eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Bank Loan Payable Common Shares Retained Earnings Advertising Expense Rent Expense Salaries Expense Review the Cash account in the general ledger. Classify each August transaction as either an operating activity, investing activity, or financing activity. Pranara a trial halanea at Auviet 31 Sefup T accounts, enter the opening balances in the general ledger at July 31, post the journal entries to the general ledger, (Post entries in the order of journal entries presented in the previous part.) Question 8 of 8 Salaries Expense Income Tax Expense eTextbook and Media List of Accounts Swive for Later Last saved 10 hours ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Prpare a statement of changes in uity for August. Prepare a statement of financial postion for August. fust Current Assets in order of hiquidity. List Property, Plant and Failinment in order of Fauiament and Vehictes.) Accumulated Depreciation-Equipment Vehicles 10 Paid $3.060 for salaries due employees, of which $1,600 was for August and $1.460 for July sataries payable: 13 Received 53,000 cash for services performed to date in August. 15. Purchased new equipment for $1.800, which was financed with a bankloan. 20 Paidereditors $2,100 of arcounts due. 22 Purchased supplies on account for $900. 24 Pald $3,000 for employees' sataries. 27 Billed customers $3,710 for services performed. 29 Received $860 from customers for services to be performed in the future: 30. Paid $500 on the bank loan, In addition to interest of $50. 31 Paid income tax of $380. 31 Declared and paid $430 of dividends to shareholders. (a) Journalize the August transactions, (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. Record fournal entries in the order presented in the problem.) On July 31.2021 , the end of the prior fiscal year, Whilhorse Repair Services Lid. reported the following alphabetically ordered list of accounts and ambunts. During August, the following summary transactions were completed: Aus 1 Pald $280 for advertising on Kjijifor the current month. 2. Provided $1.190 of services related to cash recelved in advance last month for services to be performed this month. 3 Pald August rent, $990. 6 Received $1.200 conh from customers in payment of accounts. 7 Sipned a contract with Merrithew/s Appliances thd to provide future repair services for its customers as requir ed 10 Paid $3.060 for saturies due employees, of which $1.600 was for August and $1,460 for July salaries payable. WILDHORSE REPAIR SERVICESLTD Statement of Income $ Question 8 of 8 Aug 30 Loan principal Loan interest Aung 31 Incometax Aug 31 Dividends declared and paid Receipts: Aug, 6 On account from customers. Aug. 13 Revenue Aug. 29 Deferred revenue eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Bank Loan Payable Common Shares Retained Earnings Advertising Expense Rent Expense Salaries Expense Review the Cash account in the general ledger. Classify each August transaction as either an operating activity, investing activity, or financing activity. Pranara a trial halanea at Auviet 31 Sefup T accounts, enter the opening balances in the general ledger at July 31, post the journal entries to the general ledger, (Post entries in the order of journal entries presented in the previous part.) Question 8 of 8 Salaries Expense Income Tax Expense eTextbook and Media List of Accounts Swive for Later Last saved 10 hours ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Prpare a statement of changes in uity for August. Prepare a statement of financial postion for August. fust Current Assets in order of hiquidity. List Property, Plant and Failinment in order of Fauiament and Vehictes.) Accumulated Depreciation-Equipment Vehicles 10 Paid $3.060 for salaries due employees, of which $1,600 was for August and $1.460 for July sataries payable: 13 Received 53,000 cash for services performed to date in August. 15. Purchased new equipment for $1.800, which was financed with a bankloan. 20 Paidereditors $2,100 of arcounts due. 22 Purchased supplies on account for $900. 24 Pald $3,000 for employees' sataries. 27 Billed customers $3,710 for services performed. 29 Received $860 from customers for services to be performed in the future: 30. Paid $500 on the bank loan, In addition to interest of $50. 31 Paid income tax of $380. 31 Declared and paid $430 of dividends to shareholders. (a) Journalize the August transactions, (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. Record fournal entries in the order presented in the problem.) On July 31.2021 , the end of the prior fiscal year, Whilhorse Repair Services Lid. reported the following alphabetically ordered list of accounts and ambunts. During August, the following summary transactions were completed: Aus 1 Pald $280 for advertising on Kjijifor the current month. 2. Provided $1.190 of services related to cash recelved in advance last month for services to be performed this month. 3 Pald August rent, $990. 6 Received $1.200 conh from customers in payment of accounts. 7 Sipned a contract with Merrithew/s Appliances thd to provide future repair services for its customers as requir ed 10 Paid $3.060 for saturies due employees, of which $1.600 was for August and $1,460 for July salaries payable