DO NOT EDIT. YOU MUST DOWNLOAD THIS FILE. Given below is the Preliminary Trial Balance of Watson Answering Services at the end of its first month of operations, August 2021. Cash Accounts receivable Prepaid insurance Supplies Equipment Notes payable Accounts payable Ray Watson, capital Ray Watson, drawings Service revenue Salaries expense Utilities expense Advertising expense Insurance expense Supplies expense Depreciation expense Accumulated depreciation Interest expense Interest payable Totals Preliminary TB debit credit 5,400.00 2,800.00 2.400.00 1,300.00 60,000.00 40,000.00 2,400.00 30,000.00 1,000.00 4,900.00 3,200.00 800 400 0 0 77.300.00 77.300.00 Assume the following additional information: 1. Insurance expires at the rate of P200 per month 2. There are P1,000 of supplies on hand at August 31 3. Monthly depreciation on the equipment is P900 4. Interest of P500 on the notes payable has accrued during August