Prepare the 6 Adjusting Journal Entries (first part of E) in the instructions.

ACR4-3 (LO 2, 3, 4), AP On August 1, 2022, the following were the account balances of B&B Repair Services. Journalize transactions and follow through accounting cycle to preparation of financial statements. GLS Debit Credit Cash $ 6,040 Accumulated Depreciation-Equipment 600 Accounts Receivable 2,910 Accounts Payable 2,300 Notes Receivable 4,000 Unearned Service Revenue 1,260 Supplies 1,030 Salaries and Wages Payable 1,420 Equipment 10,000 Common Stock 12,000 Retained Earnings 6,400 $23,980 $23,980 During August, the following summary transactions were completed. Aug. Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. Paid August rent $380. Received $1,200 cash from customers in payment of account. Paid $3,120 for salaries due employees, of which $1,700 is for August and $1,420 is for July salaries payable. Received $2,800 cash for services performed in August. 15 Purchased store equipment on account $2,000. Paid creditors $2,000 of accounts payable due. Purchased supplies on account $800. Denn Alfalinnale 1 5 onco 10 12 20 22 4-60 22 Purchased supplies on account $800. 25 Paid $2,900 cash for employees' salaries. 27 Billed customers $3.760 for services performed. 29 Received $780 from customers for services to be performed in the future. Adjustment data: 1. A count shows supplies on hand of $960. 2. Accrued but unpaid employees' salaries are $1,540. 3. Depreciation on equipment for the month is $320. 4. Services were performed to satisfy $800 of unearned service revenue. 5. One month's worth of advertising services has been received. 6. One month of interest revenue related to the $4,000 note receivable has accrued. The 4-month note has a 6% annual interest rate. (Hint: Use the formula from Illustration 4.19 to compute interest.) Instructions a. Enter the August 1 balances in the ledger accounts. (Use T-accounts.) b. Journalize the August transactions. c. Post to the ledger accounts. B&B's chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. d. Prepare a trial balance at August 31. e. Journalize and post adjusting entries. f. Prepare an adjusted trial balance. Cash Tot. Adj, trial balance $2,020 $32,580