On July 31, 2025, the general ledger of Wildhorse Legal Services Inc. showed the following balances: Cash $3,760, Accounts Receivable $1,410, Supplies $470, Equipment $4,700, Accounts Payable $3,850, Common Stock $3,290, and Retained Earnings $3,200. During August, the following transactions occurred. Aug. 3 5 6 7 12 14 18 20 24 26 27 28 31 Collected $1,130 of accounts receivable due from customers. Received $1,220 cash for issuing common stock to new investors. Paid $2,540 cash on accounts payable. Performed legal services of $6,110, of which $2,820 was collected in cash and the remainder was due on account. Purchased additional equipment for $1,130, paying $380 in cash and the balance on account. Paid salaries $3,290, rent $850, and advertising expenses $260 for the month of August. Collected the balance for the services performed on August 7. Paid cash dividend of $470 to stockholders. Billed a client $940 for legal services performed. Received $1,880 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 $4,230. The client will pay the amount owing after the services have been performed. Received the utility bill for the month of August in the amount of $260; it is not due until September 15. Paid income tax for the month $470.

Retained Earnings eTextbookand Media List of Accounts Savelor tater Attempts: 1 of 15 used Scomitiner Journalize the August transactions. (ff no entry is requiled, select "No Entry" for the account titles and enter O for the amounts. Credit the probiem. List all debit entries before credit entries: Question 5 of 5 0.54/ Question 5 of 5 0.54/15 @ eTextbook and Media List of Accounts Spyeforiuter Attempts: 0 of 15 used Submit Anawer Post the August journal entries to the ledger and determine month-end balances. (Post entries in the order of journal entries presented in the previous part.) Notes Payable \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline & 7/31 Bal. & 3,290 \\ \hline & & \\ \hlinev & & \\ \hline \end{tabular} Dividends Service Revenue Supplies \begin{tabular}{|c|c|c|} \hline & Equip & \\ \hline 7/31 Bal. & 4,700 & v \\ \hline & & v \\ \hlinev & & v \\ \hline \end{tabular} Accounts Payable Notes Payable On July 31,2025, the general ledger of Wildhorse Legal Services Inc, showed the following balances: Cash $3,760, Accounts Receivable $1,410, Supplies $470, Equipment $4,700, Accounts Payable $3,850, Common Stock $3,290, and Retained Earnings $3,200, During August, the following transactions occurred. Aug. 3 Collected $1,130 of accounts receivable due from customers. 5 Received $1,220 cash for issuing common stock to new investors. 6 Paid $2,540 cash on accounts payable. 7 Performed legal services of $6,110, of which $2,820 was collected in cash and the remainder was due on account. 12 Purchased additional equipment for $1,130, paying $380 in cash and the balance on account. A 14 Paid salaries $3,290, rent $850, and advertising expenses $260 for the month of August. 18 Collected the balance for the services performed on August 7. 20 Paid cash dividend of $470 to stockholders. 24 Billed a client $940 for legal services performed. 26 Received $1,880 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 $4,230. 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 $260; it is not due until September 15. 31 Paid income tax for the month $470. Question 5 of 5 0.54/15 Utilities Expense Question 5 of 5 0.54/15 eTextbook and Media List of Accounts Sivefor Later Attempts: 0 of 15 used Shbmit Answer Prepare a trial bolance on August 31, 2025. Using T-accounts, enter the beginning balances to the ledger