On July 31, 2022, the general ledger of Cullumber Legal Services Inc. showed the following balances: Cash $3,120, Accounts Receivable $1,170, Supplies $390, Equipment $3,900, Accounts Payable $3,200, Common Stock $2,730, and Retained Earnings $2,650. During August, the following transactions occurred. Aug. 3 Collected $940 of accounts receivable due from customers. 5 Received $1,010 cash for issuing common stock to new investors. 6 7 Paid $2.110 cash on accounts payable. Performed legal services of $5,070, of which $2,340 was collected in cash and the remainder was due on account. 12 Purchased additional equipment for $940. paying $310 in cash and the balance on account. 14 Paid salaries $2,730, rent $700, and advertising expenses $215 for the month of August. 18 Collected the balance for the services performed on August 7. 20 Paid cash dividend of $390 to stockholders. 24 Billed a client $780 for legal services performed. 26 25 27 Received $1,560 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 $3,510. 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 $215; it is not due until September 15. 31 Paid income tax for the month $390. Using T-accounts, enter the beginning balances to the ledger. Cash July 31 Accounts Receivable Aug. 5 Supplies 3120 Aug. 3 Aug. 6 Aug. 5 Aug. 24 Equipment Aug. 6 Accounts Payable Aug. 7 Common Stock Aug. 12 Retained Earnings Aug. 14 Aug. 26 Aug 27 Aug. 28 Aug. 31 Journalize the August transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually, Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Aug. 3 Cash Accounts Receivable Aug. 5 Cash Aug 6 > Common Stock Accounts Payable Cash Aug 7 Cash Accounts Receivable Service Revenue Aug. 12 V Equipment Aug 14 V Cash Accounts Payable Salaries and Wages Expense Rent Expande Advertising Expense Cash Aug. 18 Cash Aug 20 Accounts Receivable Dividends Aug 24 V Aug 26 Aug. 27 > Cash Accounts Receivable Service Revenue Cash Accounts Payable No Entry No Entry Aug 28 Utilities Expense Aug. 31 Accounts Payable Income Tax Expende Cash Debit Credit Post the August journal entries to the ledger. (Post entries in the order of information presented in the question.) Cash July 31 Accounts Receivable July 31 Supplies July 31 Equipment 3,120 1,170 390 July 31 3,900 > Accounts Payable July 31 3,200 Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Advertising Expense Utilities Expense Income Tax Expense July 31 2,730 July 31 2,650 Prepare a trial balance on August 31, 2022. Cash Accounts Receivable Suppiles Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense Advertising Expense Dividends Utilities Expense Income Tax Expense CULLUMBER LEGAL SERVICES INC Trial Balance For the Month Ended August 31, 2022 Debit Credit