On July 31, 2025, the general ledger of Ivanhoe Legal Services Inc. showed the following balances: Cash \$4,160, Accounts Receivable $1,560, Supplies $520, Equipment $5,200, Accounts Payable $4,260, 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. 5 Received $1,350 cash for issuing common stock to new investors. 6 Paid $2,810 cash on accounts payable. 7 Performed legal services of $6,760, 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 client $1,040 for legal services performed. 26 Received $2,080 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 $4,680. 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 $285; it is not due until September 15. 31 Paid income tax for the month $520. Using T-accounts. enter the berinning balances to the ledger. Journalize the August transactions. IIf no entry is required, select "No Entry" for the occount 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 Accounts Receivable \begin{tabular}{lr} & Sup \\ \hline 7/31Bal. & \\ \hline & 520 \\ \hline \end{tabular} Supplies \begin{tabular}{c|c|c|} \multicolumn{2}{c}{ Equipment } \\ \hline 7/31Bal. & 5,200 & \\ \hlinev & & \\ \hline \end{tabular} Accounts Payable Dividends Salaries and Wages Expense (d) Prepare a trial balance on August 31, 2025. IVANHOE LEGAL SERVICES INC