On July 31, 2022, the general ledger of Crane Legal Services Inc. showed the following balances: Cash $4,880, Accounts Receivable $1,830, Supplies $610, Equipment $6,100, Accounts Payable $5,000, Common Stock $4,270, and Retained Earnings $4,150. During August, the following transactions occurred. Aug. 3 5 6 7 12 14 18 Collected $1,460 of accounts receivable due from customers. Received $1,590 cash for issuing common stock to new investors. Paid $3,290 cash on accounts payable. Performed legal services of $7,930, of which $3,660 was collected in cash and the remainder was due on account. Purchased additional equipment for $1,460, paying $490 in cash and the balance on account. Paid salaries $4,270, rent $1,100, and advertising expenses $335 for the month of August. Collected the balance for the services performed on August 7. Paid cash dividend of $610 to stockholders. Billed a client $1,220 for legal services performed. Received $2,440 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 $5,490. 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 $335; it is not due until September 15. Paid income tax for the month $610. 20 24 26 27 28 31 (c) Post the August journal entries to the ledger. (Post entries in the order of information presented in the question.) Cash July 31 4.990 V >>>>>>> Accounts Receivable July 31 1,830 V Supplies July 31 610 Equipment July 31 6.100 Accounts Payable July 31 5,000 Notes Payable Common Stock July 31 4.270 Retained Earnings July 31 4,150 Dividends V Service Revenue Salaries and Wages Expense Rent Expense