On July 31, 2022, the general ledger of Ivanhoe Leon Services Inc. showed the following balances: Cash $4,160, Accounts Receivable $1,560, Supplies $520, Equipment $5,200, Accounts Payable $4,250, Common Stock $3,640, and Retained Earnings $3,540. During August, the following transactions occurred Aug 3 Collected $1,250 of accounts receivable due from customers S Received $1,350 cash for issuing common stock to new inwestors 6 Paid $2,810 cash on accounts payable 7 Performed legal services of 36,760, of which $3,120 was collected in cash and the remainder was due on account. 12 Purchased additional equipment for $1,250, paying $420 in cash and the balance on account 14 Paid salaries $3,640, rent $940, and advertising expenses $285 for the month of August, 18 Collected the balance for the services performed on August 7. 20 Paid cash dividend of $520 to stockholders 24 Billed a chent $1,040 for legal services performed 26 Received $2,080 from Laurentia , 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 $4,680. The client will pay the amount owing after the services 28 Recewed the utility bill for the month of August in the amount of $285; it is not due until September 15 31 Paid income tax for the month $520 Using T-accounts, enter the beginning balances to the ledger. Cash 1A TA ) Accounts Receivable 1 Supplies Equipment m Accounts Payable Common Stock 1 / Retained Earnings / / Journalize the August transactions. If no entry is required, select "No entry for the account titles and enter for the amounts Credit account bites are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Tities and Explanation Debit Credit Post the August journal entries to the ledger (Post entries in the order of information presented in the question.) Cash July 31 4,160 Accounts Receivable 1,560 July 31 Supplies July 31 520 Equipment 5,200 July 31 Accounts Payable July 31 4,260 Notes Payable Common Stock July 31 3,640 Retained Earnings July 31 3,540 Dividends Service Revenue Salaries and Wages Expense Rent Expense LL LL UTI Advertising Expense LLL . Utilities Expense TO 11 Income Tax Expense Prepare a trial balance on August 31, 2022. IVANHOE LEGAL SERVICES INC. Trial Balance Debit Credit