P3.9A (LO 3,4,5), AP On July 31,2022 , the general ledger of Hills Legal Services Inc. showed the following balances: Cash $4,000, Accounts Receivable $1,500, Supplies $500, Equipment $5,000, Accounts Payable $4,100, Common Stock $3,500, and Retained Earnings $3,400. During August, the following transactions occurred. \begin{tabular}{|l|l|l|} \hline Aug. & 3 & Collected $1,200 of accounts receivable due from customers. \\ \hline & 5 & Received $1,300 cash for issuing common stock to new investors. \\ \hline 6 & Paid $2,700 cash on accounts payable. \\ \hline 12 & Performedlegalservicesof$6,500,ofwhich$3,000wascollectedincashandtheremainderwasdueonaccount.andthebalanceonaccount. \\ \hline 14 & Paidsalaries$3,500,rent$900,andadvertisingexpenses$275forthemonthofAugust. \\ \hline 18 & Collected the balance for the services performed on August 7. \\ \hline 20 & Paid cash dividend of $500 to stockholders. \\ \hline 24 & Billed a client $1,000 for legal services performed. \\ \hline 26 & Received$2,000fromLaurentianBank;themoneywasborrowedonabanknotepayablethatisduein6months. \\ \hline 27 & AgreedtoperformlegalservicesforaclientinSeptemberfor$4,500.Theclientwillpaytheamountowingaftertheserviceshavebeenperformed. \\ \hline 28 & ReceivedtheutilitybillforthemonthofAugustintheamountof$275;itisnotdueuntilSeptember15. \\ \hline 31 & \begin{tabular}{l} Paid income tax for the month $500. \\ \hline \end{tabular} \\ \hline \end{tabular} Instructions a. Using T-accounts, enter the beginning balances to the ledger. b. Journalize the Augtist transactions. c. Post the August journal entries to the ledger. d. Prepare a trial balance on August 31, 2022. \begin{tabular}{|l|r|} \hline Cash & $6,225 \\ \hline Tot. trial balance & $20,175 \\ \hline \end{tabular}