On July 31, 2022, the general ledger of Blossom Legal Services Inc. showed the following balances: Cash $4,800, Accounts Receivable $1,800, Supplies $600, Equipment $6,000, Accounts Payable $4,920, Common Stock $4,200, and Retained Earnings $4,080. During August, the following transactions occurred.

Aug. 3		Collected $1,440 of accounts receivable due from customers.
5		Received $1,560 cash for issuing common stock to new investors.
6		Paid $3,240 cash on accounts payable.
7		Performed legal services of $7,800, of which $3,600 was collected in cash and the remainder was due on account.
12		Purchased additional equipment for $1,440, paying $480 in cash and the balance on account.
14		Paid salaries $4,200, rent $1,080, and advertising expenses $330 for the month of August.
18		Collected the balance for the services performed on August 7.
20		Paid cash dividend of $600 to stockholders.
24		Billed a client $1,200 for legal services performed.
26		Received $2,400 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 $5,400. 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 $330; it is not due until September 15.
31		Paid income tax for the month $600.

Date Account Titles and Explanation Debit Credit Aug. 3 Cash 1440 Accounts Receivable Aug. 5 Cash 1560 Common Stock Aug. 6 Accounts Payable 3240 Cash Aug. 7 Cash 3600 Accounts Receivable 4200 Service Revenue Aug. 12 Equipment 1440 Cash Accounts Payable Aug. 14 Salaries and Wages Expense 4200 Rent Expense 1080 Advertising Expense 339 Cash Aug. 18 Cash 4200 Accounts Receivable Aug. 24 Accounts Receivable 1240 Service Revenue Aug. 26 Cash 2480 Notes Payable Aug. 27 No Entry 0 No Entry Aug. 28 Utilities Expense 340 Accounts Payable Aug. 31 Income Tax Expense 620 Cash