Please answer the question in the order its being asked! Thank you!

On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Bonita Ltd.

Accounts payable		$2,270
Accounts receivable		4,590
Accumulated depreciationequipment		2,060
Cash		5,970
Common shares		13,000
Deferred revenue		1,180
Equipment		10,700
Interest receivable		20
Note receivable, due October 31, 2021		4,000
Retained earnings		6,330
Salaries payable		1,400
Supplies		960

During August, the following summary transactions were completed.

Aug. 1		Paid $410 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.)
3		Paid August rent $410. (Hint: Use the Prepaid Rent account.)
6		Received $2,920 cash from customers in payment of accounts.
10		Paid $3,190 for salaries due employees, of which $1,790 is for August and $1,400 is for July salaries payable.
13		Received $4,120 cash for services performed in August.
15		Purchased additional equipment on account $2,010.
17		Paid creditors $2,010 of accounts payable due.
22		Purchased supplies on account $790.
24		Paid salaries $3,060.
27		Performed services worth $5,240 on account and billed customers.
29		Received $820 from customers for services to be provided in the future.
31		Declared and paid a $520 dividend.

(d1)

Correct answer iconYour answer is correct.

Bonita records adjustments monthly. Adjustment data for the month of August are as follows:

1.		One months worth of advertising services have been received.
2.		The August rent has expired.
3.		Accrued salaries payable are $1,550.
4.		Depreciation for the month is $206.
5.		Supplies on hand at August 31 are $920.
6.		Services were performed to satisfy $760 of Deferred revenue.
7.		One month of interest income related to the $4,000 note receivable has accrued. The note was issued on June 30 and is due October 31 and has a 6% annual interest rate. Interest is due at maturity.
8.		Income tax of $270 is estimated to be owed for the month of August.

Prepare the August adjusting journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

(d2)

Post the August adjusting journal entries and calculate and enter end balances. (Post entries in the order of journal entries presented in the previous part. If the ending balance is 0 select Bal for the date and enter 0 for the normal balance for that account.)

Debit Credit Date Account Titles and Explanation Aug. 31 Advertising Expense 1. 205 Prepaid Advertising 205 2. 31 Rent Expense 410 Prepaid Rent 410 3. 31 Salaries Expense 1550 Salaries Payable 1550 4 31 Depreciation Expense 206 Accumulated Depreciation - Equipment 206 5. 31 Supplies Expense 830 Supplies 830 6. 31 Deferred Revenue 760 Service Revenue 760 7. 31 Interest Receivable 20 Interest Income 20 8. 31 Income Tax Expense 270 Income Tax Payable 270 Aug, 1 Bal. Aug. 6 Aug. 13 Aug. 29 Cash 5,970 Aug. 1 2,920 Aug. 3 4.120 Aug. 10 820 Aug. 17 410 410 3,190 2,010 Aug. 24 Aug. 31 3,060 520 Aug 31 Bal. 4,230 2,920 Aug. 1 Bal. Aug. 27 Aug 31 Bal. Accounts Receivable 4.590 Aug. 6 5.240 6.910 Prepaid Advertising Aug. 1 410 Supplies Aug. 1 Bal. 960 Aug. 22 790 Prepaid Rent Aug 3 410 Note Receivable Aug 1 Bal. Aug 31 Bal. 4.000 4.000 Interest Receivable Aug. 1 Bal. 20 Aug. 1 Bal. Aug. 15 Aug 31 Bal. Equipment 10.700 2,010 12,710 Accumulated Depreciation - Equipment Aug. 1 Bal. 2.060 Aug 17 Accounts Payable 2010 Aug. 1 Bal. Aug. 15 Aug 22 Aug 31 Bal. 2.270 2,010 790 3,060 Salaries Payable 1,400 Aug. 1 Bal. Aug. 10 1.400 Income Tax Payable Rent Expense V Supplies Expense