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On July 31, 2022, the general ledger of Carla Vista Legal Services Inc. showed the following balances: Cash $3,600, Accounts Receivable $1,350, Supplies $450, Equipment

On July 31, 2022, the general ledger of Carla Vista Legal Services Inc. showed the following balances: Cash $3,600, Accounts Receivable $1,350, Supplies $450, Equipment $4,500, Accounts Payable $3,690, Common Stock $3,150, and Retained Earnings $3,060. During August, the following transactions occurred. Aug. 3 Collected $1,080 of accounts receivable due from customers. 5 Received $1,170 cash for issuing common stock to new investors. 6 Paid $2,430 cash on accounts payable. 7 Performed legal services of $5,850, of which $2,700 was collected in cash and the remainder was due on account. 12 Purchased additional equipment for $1,080, paying $360 in cash and the balance on account. 14 Paid salaries $3,150, rent $810, and advertising expenses $250 for the month of August. 18 Collected the balance for the services performed on August 7. 20 Paid cash dividend of $450 to stockholders. 24 Billed a client $900 for legal services performed. 26 Received $1,800 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 $4,050. 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 $250; it is not due until September 15. 31 Paid income tax for the month $450. (c) Post the August journal entries to the ledger. (Post entries in the order of information presented in the question.) Cash July 31 3,600 choose a transaction date Aug. 6 enter a credit amount choose a transaction date Aug. 3 enter a debit amount choose a transaction date Aug. 12 enter a credit amount choose a transaction date Aug. 5 enter a debit amount choose a transaction date Aug. 14 enter a credit amount choose a transaction date Aug. 7 enter a debit amount choose a transaction date Aug. 20 enter a credit amount choose a transaction date Aug. 18 enter a debit amount choose a transaction date Aug. 31 enter a credit amount choose a transaction date Aug. 26 enter a debit amount choose a transaction date Aug. 31 enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Accounts Receivable July 31 1,350 choose a transaction date Aug. 3 enter a credit amount choose a transaction date Aug. 7 enter a debit amount choose a transaction date Aug. 18 enter a credit amount choose a transaction date Aug. 24 enter a debit amount choose a transaction date Aug. 31 enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Supplies July 31 450 choose a transaction date Aug. 31 enter a credit amount 450 choose the end date of the accounting period enter a debit balance choose the end date of the accounting period Balance enter a credit balance 450 Equipment July 31 4,500 choose a transaction date enter a credit amount choose a transaction date Aug. 12 enter a debit amount 1080 choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Accounts Payable choose a transaction date enter a debit amount July 31 3,690 choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Notes Payable choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Common Stock choose a transaction date enter a debit amount July 31 3,150 choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Retained Earnings choose a transaction date enter a debit amount July 31 3,060 choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Dividends choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Service Revenue choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Salaries and Wages Expense choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Rent Expense choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Advertising Expense choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Utilities Expense choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Income Tax Expense choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance

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