Yoy are given the following Transactions related to transactions occured in ABC company during August 2020: Aug. 1ABC issues $70,000 shares of common stock for cash. ABC purchases barbering equipment for $45,000; $37,500 was paid immediately with cash, and the remaining $7,500 was billed to ABC Aug. 3 with payment due in 30 days. He decided to buy used equipment, because he was not sure if he truly wanted to run a barber shop. He assumed that he will replace the used equipment with new equipment within a couple of years. ABC purchases supplies for $300 cash. ABC provides $4,000 in services to a customer who asks to be billed for the services. Aug. 6 Aug. 10 Aug. 13 ABC pays a $75 utility bill with cash. ABC receives $3,200 cash in advance from a customer for services not yet rendered. ABC distributed $150 cash in dividends to stockholders. Aug. 14 Aug. 16 Aug. 17 Aug. 19 ABC receives $5,200 cash from a customer for services rendered. ABC paid $2,000 toward the outstanding liability from the August 3 transaction. Aug. 22 ABC paid $4,600 cash in salaries expense to employees. The customer from the August 10 transaction pays $1,500 cash toward Aug 28 ABC's account On August 31, ABC has the following transactions requiring adjustment. August 31 Transactions Date Aug. 31 Aug. 31 Transaction ABC took an inventory of supplies and discovered that $250 of supplies remain unused at the end of the month. The equipment purchased on August 3 depreciated $2,500 during the month of August. ABC performed $1,100 of services during August for the customer Aug. 31 from the August 14 transaction. Unpaid and previously unrecorded taxes expense for the month are Aug. 31 $3,400. Aug 31 Services provided during August but haven't been recorded $350 Instructions Apply the accounting Cycle steps (9