$31,2025,$ the general ledger of lvanhue Legal Services Inc. showed the following tuancos: $200,$ Accounts Receivable $$1,200,5$upplies $$400,$ Equipment $$4,000,$ Nccounts Payable Common Stock $$2,800,$ and Retained Earnings $$2,720.$ During August, the followine ans accurred.

Collected $$960$ of accounts reccivable due from customers.

Rcceived $$1,040$ cash for lssuing common stack to new irvestors.

Pald $$2,160$ cash on accounts payable.

Performed legal services of $$5,200,$ of which $$2,400$ was collected in cash and the remainder was duc on account.

Purchased additional equipment for $$960,$ paying $$320$ in cash and the balance on account.

Paid salaries $$2,800,$ rent $$720,$ and advertising expenses $$220$ for the month of August.

Collected the balance for the services performed on August $7.$

Paid cash dividend of $$400$ to stockholders.

Billod a client $$800$ for legal services performed.

Receivod $$1,600$ from Laurentian Bank; the money was borrowed on a bank note payable that is due in $6$ months.

Agrced to perform legal services for a dient in September for $$3,600.$ The client will pay the amount owing after the services have been periormed.

Reccived the utility bill for the month of August in the amount of $$220$; until September $15.$

Using $T-$accounts, enter the beginning balances to the ledger.

Journalize the August transactions. $($If no entry is required, select $"$No Entry" for the account tit and enter $O$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. Lis debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit