Tobique records adjustments monthly. Adjustment data for the month of August are as follows:

1.		One months worth of advertising services have been received.
2.		The August rent has expired.
3.		Accrued salaries payable are $1,670.
4.		Depreciation for the month is $203.
5.		Supplies on hand at August 31 are $1,000.
6.		Services were performed to satisfy $790 of unearned revenue.
7.		One month of interest revenue related to the $4,000 note receivable has accrued. The note was issued on June 30 and is due October 31 and has a 6% annual interest rate. Interest is due at maturity.
8.		Income tax of $290 is estimated to be owed for the month of August.

(B)

Post the August adjusting journal entries and calculate and enter end balances. (Post entries in the order of journal entries presented in the previous part. If the ending balance is 0 select Bal for the date and enter 0 for the normal balance for that account.)

required, select "No Entry" for the account titles and enter o for the amounts. Record journal Date Account Titles and Explanation Debit Credit 1. Aug. 31 Advertising Expense | Prepaid Advertising 220 2. 31 Rent Expense | Prepaid Rent 380 1 3. 31 Salaries Expense Salaries Payable 1670 4. 31 Depreciation Expense Accumulated Depreciation - Equipment 203 5. 31 Supplies Expense Supplies 750 6. 31 Tunearned Revenue Service Revenue 7. 31 Interest Receivable 00000 Interest Revenue 8. 31 Income Tax Expense Income Tax Payable v (02) Post the August adjusting journal entries and calculate and enter end balances. (Post entries in the order of journal entries presented in the previous part. If the ending balance is O select Bal for the date and enter o for the normal balance for that account.) Aug. 1 Bal. Aug. 6 Aug. 13 Aug. 29 Cash 5,520 Aug. 1 3,040 Aug. 3 4,100 Aug. 10 750 Aug. 17 Aug. 24 Aug. 31 4,110 Accounts Receivable 4,740 Aug. 6 4,400 6,100 Prepaid Advertising 440 380 2,910 1,910 3,110 550 Aug. 31 Bal. 3,040 Aug. 1 Bal. Aug. 27 Aug. 31 Bal. Aug. 1 Supplies 1,030 Aug. 1 Bal. Aug. 31 Bal. Aug. 1 Bal. 3,040 4,110 Accounts Receivable 4,740 Aug. 6 4,400 6,100 Prepaid Advertising Aug. 27 Aug. 31 Bal. Aug. 1 440 Supplies 1,030 Aug. 1 Bal. Aug. 22 720 Prepaid Rent 380 Aug. 3 Aug. 1 Bal. Aug. 31 Bal. Note Receivable 4,000 4,000 Interest Receivable Interest Receivable Aug. 1 Bal. Aug. 1 Bal. Aug. 15 Aug. 31 Bal. Equipment 10,100 1,910 12,010 Accumulated Depreciation - Equipment Aug. 1 Bal. 2,030 Aug. 17 Accounts Payable 1,910 Aug. 1 Bal. Aug. 15 Aug. 22 Aug. 31 Bal. Salaries Payable 1,460 Aug. 1 Bal. 2,500 1,910 720 3,220 Aug. 10 1,460 Aug. 10 1,460 Aug. 1 Bal. 1,460 Income Tax Payable Unearned Revenue Aug. 1 Bal. 1,380 Aug. 29 750 12,000 12,000 Common Shares Aug. 1 Bal. Aug. 31 Bal. Retained Earnings Aug. 1 Bal. Aug. 31 Bal. Dividend Declared 6,040 6,040 550/ Aug. 31 Aug. 31 Bal. Supplies Expense Depreciation Expense Income Tax Expense Advertising Expense