Prepare T Accounts

On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Concord Ltd. During August, the following summary transactions were completed. Aug. 1 Paid $410 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.) 3 Paid August rent $410. (Hint: Use the Prepaid Rent account.) 6 Received $3,320 cash from customers in payment of accounts. 10 Paid $2,830 for salaries due employees, of which $1,500 is for August and $1,330 is for July salaries payable. 13 Received $3,720 cash for services performed in August. 15 Purchased additional equipment on account $1,900. 17 Paid creditors $1,900 of accounts payable due. 22 Purchased supplies on account $810. 24 Paid salaries $2,620. 27 Performed services worth $5,070 on account and billed customers. 29 Received $820 from customers for services to be provided in the future. 31 Declared and paid a $550 dividend. Record the above summary transactions. (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automaticallvindented when the amount is entered. Do not indent manuallu. If no entrv is reauired. select intries in the ormal balance