Below are the transactions for Everything Delivered. This is its first month of operations and all beginning balances are zero. Perform the accounting cycle. August 1 August 3 August 6 Harry Warren ("Warren") transfers $70,000 cash to the business. Warren purchased equipment for $45,000; 37,500 was paid immediately with cash, and the remaining $7,500 was billed to Warren with payment due in 30 days Warren purchases supplies for $300 cash. Warren provides $4,000 in services to a customer who asks to be billed for the service Warren receives $3,200 cash payment from a customer for services Warren has yet to provide Warren pays $150 telephone bill Ce August 10 August 14 August 16 August 17 August 19 Warren receives $5,200 from a customer for services rendered Warren paid $2,000 toward the outstanding liability from the August 3 transaction August 22 Warren paid $4,600 cash in salaries to expense to employees The customer from the August 10 transaction pays $1,500 cash toward the account August 28 These are the adjusting entries for Everything Delivered at the end of the first month August 31 Warren took an inventory of supplies and discovered that there is $250 of supplies remaining The depreciation on the equipment purchased is $2,500 during August. August 31 August 31 The electric bill for August is $75 August 31 Unearned Fees at the end of the period are 1,200. Et DOO BE 5 3 SG 1.00 DATE JOURNAL BERTON Aug Ers TE 1 18 E 24 21 20 ME