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record August journal entries and make t accounts Accounts payable Interest receivable 2,300 20 Accounts receivable 4,310 Note receivable, due Oct 31, 2021 4,000 Accumulated
record August journal entries and make t accounts
Accounts payable Interest receivable 2,300 20 Accounts receivable 4,310 Note receivable, due Oct 31, 2021 4,000 Accumulated 2,000 Retained earnings 6,400 depreciation - equipment Cash 6,020 1,420 1,030 Salaries payable Supplies Unearned revenue Common Shares 12,000 1,260 Equipment 10,000 nlatan Aug. 1 - Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Use Prepaid Advertising account) Aug. 3 - Paid August rent of $380. (Use prepaid rent account) Aug. 6- Received $3,200 cash from customers in payment of accounts. Aug. 10 - Paid $3,120 for salaries due employees, of which $1,700 is for August and $1,420 is for July salaries payable. - Aug. 13 - Received $3,800 cash for services performed in August. - Aug. 15 - Purchased additional equipment on account $2,000. - Aug. 17 - Paid vendors $2,000 of accounts payable due. - Aug. 22 - Purchased supplies on account for $800. - Aug. 24 - Paid salaries $2,900. - Aug. 27 - Performed services worth $4,760 on account and billed customers. - Aug. 29 - Received $780 from customers for services to be performed in the future. Aug. 31-Declared and paid a $500 dividend Step by Step Solution
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