ab , x' A-DA I Normal 1 No Spac... Heading 1 Heading 2 Title Font Paragraph Styles 15 BUSINESS TRANSACTIONS Thanh Nguyen started a business, Nguyen Import Services, on August 1, 2017. Thanh created a chart of accounts for the business as follows: No. 101 Cash: No. 112 Accounts Receivable; No. 126 Supplies: No. 151 Equipment, No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 T. Nguyen Capital; No. 306 T. Nguyen, Drawings, No. 400 Service Revenue; No. 610 Advertising Expense; No. 726 Rent Expense; and No. 737 Utilities Expense. During August, the following events and transactions occurred: 1 Aug 1 Thanh transferred $25,000 cash from his personal bank account to a bank account under the company name, Nguyen Import Services. 2 Aug 1 Signed a one-year rental agreement for $750 per month. Paid the first month's rent 3 Aug 2 Paid $250 for utilities for August. 4 5 Aug 3 Purchased equipment for $5,250 cash. Aug 5 Purchased $675 of supplies on account. Aug 8 Provided services to a client and billed them $1,270. 6 7 Aug 12 Paid $945 for advertising the opening of the company. 8 Aug 20 Provided services to a client and collected $1,320 cash. 9 Aug 24 Received a $2,500 cash advance for a consulting engagement to be started in September. 10 Aug 25 Paid the balance due for the purchase of supplies on August 5. o search September. 10 Aug 25 Paid the balance due for the purchase of supplies on August 5. 11 Aug 28 Received $970 cash from the client billed in the August 8 transaction. 12 Aug 29 Paid Thanh, the owner, $1,225 cash for his personal use. 13 Aug 31 Received a $225 utility bill for August. It will be paid on September 1. Required: a) On Appendix A, prepare the journal entries for the business first month of operations. If no journal entry is required, please indicated b) On Appendix B, post your journal entries in the General Ledger T-accounts and calculate their balances c) On Appendix C, prepare a Trial Balance for the business, using the balances from your T- accounts. On Annandi bronar the Cinancial Chatamante. Incama Chatamant Chatamant of Owner O 39