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Part 1: Using T-accounts enter the beginning balances to the ledger.

Part 2: Journalize the August transactions.

Part 3: Post the August journal entries to the ledger.

Part 4: Prepare a trial balance on August 31 2022.

Your answer is correct. Using T-accounts, enter the beginning balances to the ledger, Cash July 31 4 4,960 C 4,960 P Accounts Receivable July 31 July 31 2,860 Supplies July 31 Equipment July 31 & 6,2009 Accounts Payable July 31 L 5,080 Common Stock Supplies July 31 8 July 31 620 620 Equipment July 31 6,200 Accounts Payable July 31 5,080 Common Stock July 31 4,340 Retained Earnings July 314 4,220 e Textbook and Media Your answer is partially correct. Journalize the August transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug. 34 Cash 1490 Accounts Receivable 1490 Aug. 5 Cash 1610 Common Stock 1610 Aug. 6 . Accounts Payable 3350 Cash 3350 Aug 7 : Cash 3720 Accounts Receivable 4340 8060 Service Revenue Aug. 12 Equipment 1490 Cash 500 Accounts Payable 990 Aug. 144 Salaries and Wages Expense 4340 Rent Expense 1120 Advertising Expense 340 Cash 5800 Aug. 18 Cash 4340 Accounts Receivable 4340 Aug. 20 Dividends 620 Cash (Aug. 24 & Accounts Receivable 1240 Service Revenue 1240 Retained Earnings July 31 4,220 Balance 4220 Dividends 340 / Balance 340 Service Revenue 7 Aug. 7 8060 Aug. 24 - 1240 Balance 9300 Salaries and Wages Expense Aug. 14 4340 / // // Balance A340 Rent Expense Aug. 14 1120 C Balance Advertising Expense / / / Aug. 14 340 / Balance I 340 Utilities Expense 2 Aug. 28 / Balance OVE / Income Tax Expense / / Aug. 31 A 9 / 029 029 NS Balance 9 Your answer is partially correct. Prepare a trial balance on August 31, 2022. CULLUMBER LEGAL SERVICES INC. Trial Balance August 31, 2022 Debit Credit Cash 7710 $ Accounts Receivable 1610 Supplies 620 Equipment 7690 Accounts Payable 2720 Utilities Expense 340 2480 Notes Payable 5950 Common Stock

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