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Question 2 of 5 2.69/35 On August 1, 2022, the following were the account balances of Novak Repair Services Credit Debit $5,500 Cash $700 2.830 2.400 Accounts Receivable Notes Receivable Supplies 4,000 1.160 Accumulated Depreciation --Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common stock Retained Earnings 1,030 1.270 Equipment 9.000 13,000 3,830 $22,360 $22,360 During August, the following summary transactions were completed, Aug 1 3 Paid $400 cash for advertising in local newspapers, Advertising flyers will be included with newspapers delivered during August and September Paid August rent $400. Received $1,100 cash from customers in payment on account. Paid $2,970 for salaries due employees, of which $1,700 is for August and $1.270 is for July salaries payable. Received $2,600 cash for services performed in August 5 10 12 Question 2 of 5 2.69/35 E $22.360 $22,360 During August, the following summary transactions were completed Aug 1 3 5 10 12 Paid $400 cash for advertising in local newspapers, Advertising flyers will be included with newspapers delivered during August and September Paid August rent $400 Received $1,100 cash from customers in payment on account. Paid $2.970 for salaries due employees, of which 51.700 is for August and $1,270 is for July salaries payable. Received $2,600 cash for services performed in August Purchased store equipment on account $1,900 Paid creditors $2.200 of accounts payable due Purchased supplies on account $700, Pald $3,100 cash for employees salaries, Billed customers $3,800 for services performed, Received $740 from customers for services to be performed in the future. 15 20 22 25 27 29 Novak's chart of accounts includes Prepaid Advertising, Interest Receivable Service Revenue, Interest Revenue Advertising Expense, Depreciation Expense, Supplies Expense. Salaries and Wages Expense, and Rent Experise, Question 2 of 5 2.69/35 Journalize the August transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Aug 10 Question 2 of 5 > 2.69/35 E 2.69/35 INT Question 2 of 5

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