(P.S. What does it mean by good form?)

The following account balances are provided for Modern Communications, Inc. at July 31,2017 Balance Cash Accounts receivable Interest receivable Investments Spare parts and supplies Prepaid insurance Equipment (net) Accounts payable Interest payable Salaries payable Unearned revenue Bank loan due October 1,2018 Common stock (no par) Retained earnings 250,000 170,000 150 38,000 40,000 36,000 486,850 84,000 300 36,000 40,000 426,000 350,000 84,700 All August 2017 transactions follow 1. Provided services on account for a total of $395,000 2. Customers redeemed gift cards for $18,000 in services. 3. Used $16,000 in parts and supplies. 4. Sold an investment costing $8,000 for $5,000 cash 5. Paid accounts payable of $67,000 6. Collected S206,000 on customer accounts. 7. Issued common stock for $75,000 8. Purchased $35,000 of equipment in exchange for a note payable due on March 1,2018. 9. Paid S86,000 for employee services. $36,000 was for July services and $9,000 was for services to be performed in September 10. Received a $1.200 bill for August utilities 11. Paid $2,350 for August radio advertisements. 12. Received an interest payment $450 including the interest accrued at 7/31/2017. 13. Paid S9,000 for August rent