Current Attempt in Progress On July 31, 2021, the beginning of a new fiscal year, Cullumber Repair Services Ltd. reported the following alphabetically ordered list of accounts and amounts. Accounts payable $2,100 Deferred revenue $1,140 Accounts receivable 3,100 Equipment 10,000 Accumulated depreciation-equipment 2,000 Retained earnings 16,490 Accumulated depreciation-vehicles 5,000 Salaries payable 1,470 Bank loan payable (non-current) 4,300 Supplies 1,000 Cash 7,800 Vehicles 25,000 Common shares 14,400 During August, the following summary transactions were completed: Aug. 1 2 10 20 36722122222355 Paid $250 for advertising on Kijiji for the current month. Provided $1,140 of services related to cash received in advance last month for services to be performed this month. Paid August rent, $1,060. Received $1,300 cash from customers in payment of accounts. Signed a contract with Merrithew's Appliances Ltd. to provide future repair services for its customers as required. Paid $2,970 for salaries due employees, of which $1,500 was for August and $1,470 for July salaries payable. Received $2,900 cash for services performed to date in August. Purchased new equipment for $2,200, which was financed with a bank loan. Paid creditors $2,000 of accounts due. Purchased supplies on account for $900. 24 Paid $2,900 for employees' salaries. 29 30 Billed customers $3,590 for services performed. Received $830 from customers for services to be performed in the future. Paid $400 on the bank loan, in addition to interest of $40. Paid income tax of $390. Declared and paid $370 of dividends to shareholders.