Farris Corporation had the following operating events occur during the month of August 2018. Farris Corporation’s fiscal year-end is August 31.

1 Paid $5,000 for four months’ rent in advance.
2 Received and paid $950 bill for advertising.
5 Purchased $300 of office supplies on account.
15 Paid $700 for life insurance on the company president.
This is a semiannual premium and the first time the company has insured the president.
21 Received phone bill for $240 to be paid on August 30.
26 Paid $365 postage to mail advertising brochures to customers.
30 Paid phone bill.

Additional Information: 

Office supplies, account balance August 1, 2018 ..................... $3,100 

Information for adjusting entries: 

Office supplies on hand, August 31, 2018 ................................    1,250

Required:

A. Make the appropriate entries for the events in August.
B. Show how the results of these events are presented on Farris Corporation’s financial statements.