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Problem 3-OSA On July 31, 2022, the general ledger of Sunland Legal Services Inc. showed the following balances: Cash 54.480, Accounts Receivable $1,680, Supplies $500,

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Problem 3-OSA On July 31, 2022, the general ledger of Sunland Legal Services Inc. showed the following balances: Cash 54.480, Accounts Receivable $1,680, Supplies $500, Equipment 55,600, Accounts Payable $4,590, Common Stock $3,920, and Retaine Earings $3,810. On August, the following transactions occurred Aug 3 Colected $1,740 of accounts receivable due from customers. 5 Received $1.460 cash for ung common stock to new investors. 6 Paid $3,020 cash on accounts payable. 7 Performed to services of 47,240, of which $3,60 was colected in cash and the remainder was se on account 12 Purchased to perfor 41,340, 45 in cash and the balance an account Pald salaries 19,920, ent $1,010, and atverting experes $310 for the north of August 18 Colected the balance for the services performed on August 30 cash dividend of te wees 24 Beda den 11.120 for legal services performed 26 Received $2,240 from Lauretanas the money was borrowed on a tanke bei den 6 months 27 Agreed to perform services for a dent in September for $5,040. The dient will pay the amount owing after the services have been performed 28 Received the for the month August in the fire il September 15 31 Paid income tax for the month $540 Using T-accounts, enter the beginning balances to the ledger. Cash v Accounts Receivable Supplies Equipment Accounts Payable Common Stock Retained Earnings Joumalize the August transactions. (Er ne entry is required, select "No entry for the account titles and enter o for the amounts. Credit account titles are automatically indevoted when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit v , > Post the August journal entries to the ledger. (Post entries in the order of information presented in the question.) Cash July 31 4,480 Accounts Receivable July 31 1,680

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