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On July 31, 2022, the general ledger of Blossom Legal Services Inc showed the following balances: Cash $ 2.960. Accounts Receivable $1.110, Supplies $ 370,

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On July 31, 2022, the general ledger of Blossom Legal Services Inc showed the following balances: Cash $ 2.960. Accounts Receivable $1.110, Supplies $ 370, Equipment $3.700, Accounts Payable $3,030, Common Stock $2.590, and Retained Earnings $ 2.520 During August, the following transactions occurred Aug 3 5 6 7 12 14 Collected $ 890 of accounts receivable due from customers Received $ 960 cash for issuing common stock to new investors Paid $ 2,000 cash on accounts payable. Performed legal services of $4,810, of which $ 2.220 was collected in cash and the remainder was due on account Purchased additional equipment for $890, paying $ 300 in cash and the balance on account Paid salaries $2,590, rent $ 670, and advertising expenses $ 205 for the month of August Collected the balance for the services performed on August 7. Paid cash dividend of $370 to stockholders. Billed a client 3 740 for legal services performed. Received $ 1,480 from Laurentian Bank the money was borrowed on a bank note payable that is due in 6 months. Agreed to perform legal services for a client in September for $3.330. The client will pay the amount owing after the Services have been performed Received the utility bill for the month of August in the amount of $ 205, it is not due until September 15 18 20 24 26 27 28 31 Paid income tax for the month $ 370, Question 5 of 5 Cash 2960 July 31 Accounts Receivable 1480 July 31 Supplies 370 July 31 Equipment 3700 July 31 Accounts Payable 3030 2000 July 31 Aur. 6 Common Stock 2590 July 31 Cash 2.960 July 31 2000 Aug. 6 300 V 890 Aug 3 Aug 12 960 2590 Aug. 5 Aug 14 370 Aug. 7 2220 Aug. 20 370 Aug 18 2590 Aug 31 Aug. 26 1480 Balance 11100 Accounts Receivable 890 July 31 1.110 Aug 3 2590 2590 Aug. 7 Aug. 18 740 Aur. 26 Question 5 of 5 370 July 31 370 Balance Equipment 3.700 July 31 V 890 Aug. 12 4590 Balance Accounts Payable 3,030 2000 July 31 Aug. 6 590 Aug. 12 2000 Balance Balance Notes Payable 1480 Aug. 26 1480 1480 Balance Balance Common Stock 2.590 July 31 960 Aug. 5 3550 Balance Retained Earnings 2,520 July 31 2520 Balance Dividends 370 Aug. 20 Service Revenue Aug. 7 4810 760 Aug. 26 Balance 5550 Salaries and Wages Expense Aug. 14 2590 Balance 2590 LLLL Rent Expense Aug. 14 670 Balance 670 Advertising Expense Aug. 14 205

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