On July 31, 2022, the general ledger of Sandhill Legal Services Inc. showed the following balances: Cash $4,640, Accounts Receivable $1,740, Supplies $580, Equipment $5,800, Accounts Payable $4,760, Common Stock $4,060, and Retained Earnings $3,940. During August, the following transactions occurred.

Aug. 3		Collected $1,390 of accounts receivable due from customers.
5		Received $1,510 cash for issuing common stock to new investors.
6		Paid $3,130 cash on accounts payable.
7		Performed legal services of $7,540, of which $3,480 was collected in cash and the remainder was due on account.
12		Purchased additional equipment for $1,390, paying $460 in cash and the balance on account.
14		Paid salaries $4,060, rent $1,040, and advertising expenses $320 for the month of August.
18		Collected the balance for the services performed on August 7.
20		Paid cash dividend of $580 to stockholders.
24		Billed a client $1,160 for legal services performed.
26		Received $2,320 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 $5,220. 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 $320; it is not due until September 15.
31		Paid income tax for the month $580.

Post the August journal entries to the ledger. (Post entries in the order of information presented in the question.) Cash July 31 4.640 Aug. 6 3130 Aug 3 1390 Aug. 12 460 Aug. 5 1510 Aug. 14 5420 Aug. 7 3480 Aug. 20 580 Aug. 18 4060 Aug 31 580 Aug. 26 2320 Balance 1 580 Balance Accounts Receivable July 31 1,740 Aug 3 Aug. 7 Aug. 18 Aug, 24 Balance Balance 4 Supplies July 31 Equipment July 31 5.800 Accounts Payable July 31 4.760 Notes Payable Common Stock July 31 4,060 Retained Earnings July 31 3,940 Dividends Service Revenue Salaries and Wages Expense Rent Expense Advertising Expense Utilities Expense Income Tax Expense