Problem: On August 1, 2017, the following were the account balances of B&B Repair Services Debits Credits Cash 6,040 Accumulated Depreciation-Equipment 600 Accounts Receivable 2,910 Accounts Payable 2,300 unearned Service Revenue Notes Receivable 4,000 1,260 Salaries and Wages Payable Supplies 1,030 1,420 10,000 Common Stock 12,000 Equipment Retained Earnings 6,400 $23,980 $23,980 During August, the following summary transactions were completed. Aug. 1 Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September 3 Paid August rent $380 5 Received $1,200 cash from customers in payment of account. 10 Paid $3,120 for salaries due employees, of which $1,700 is for August and $1,420 is for July salaries payable. 12 Received $2,800 cash for services performed in August. 15 Purchased store equipment on account $2,000. 20 Paid creditors $2,000 of accounts payable due 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 Instructions: Use 2017 as the year for this problem 1 To print this page right click anywhere on the screen you want to print and click on Print 2 Use the Entries menu to journalize the August entries. The account balances shown at the beginning of the problem have been journalized and posted. 3 Click on New for each transaction 4 Enter the correct transaction date and year given in the problem 5 These are considered Standard entries to be recorded in the General Journal (chosen by default). 6 Click on the Save icon to save the transaction 7 Use the Reports menu to display/print and review your entries. To print a report, right click anywhere on the screen and click on Print (online version) or use the print icon (CD version) 8 If you need to make changes return to the Entries menu. et the entry by the number of the transaction. Make you correction and