On July 31, 2022, the general ledger of Ivanhoe Legal Services Inc. showed the following balances: Cash $3,200, Accounts Receivable $1,200, Supplies $400, Equipment $4,000, Accounts Payable $3,280, Common Stock $2,800, and Retained Earnings $2,720. During August, the following transactions occurred. Aug. 3 Collected $960 of accounts receivable due from customers. 5 Received $1,040 cash for issuing common stock to new investors. 6 Paid $2,160 cash on accounts payable. 7 Performed legal services of $5,200, of which $2,400 was collected in cash and the remainder was due on account. 12 Purchased additional equipment for $960, paying $320 in cash and the balance on account. 14 Paid salaries $2,800, rent $720, and advertising expenses $220 for the month of August. 18 Collected the balance for the services performed on August 7. 20 Paid cash dividend of $400 to stockholders. 24 Billed a client $800 for legal services performed. 26 Received $1,600 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 $3,600. 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 $220; it is not due until September 15. 31 Paid income tax for the month $400. Using T-accounts, enter the beginning balances to the ledger. Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings