PLEASE ANSWER WITH DATES $ASWELL$ THE BEGINNING BALANCES

I WILL RATE WELL $IFCORRECT$

$(a)$

Your answer $is$ partially correct.

Using $T-$accounts, enter the beginning balances $to$ the ledger.

List $of$ Accounts $On$ July $31,2025,$ the general ledger $of$ Crane Legal Services Inc. showed the following balances: Cash $$4,880,$ Accounts Receivable

$$1,830,$ Supplies $$610,$ Equipment $$6,100,$ Accounts Payable $$5,000,$ Common Stock $$4,270,$ and Retained Earnings $$4,150.$ During

August, the following transactions occurred.

Aug. $3$ Collected $$1,460of$ accounts receivable due from customers.

$5$ Received $$1,590$ cash for issuing common stock $to$ new investors.

$6$ Paid $$3,290$ cash $on$ accounts payable.

$7$ Performed legal services $of$ $$7,930,of$ which $$3,660$ was collected $in$ cash and the remainder was due $on$ account.

$12$ Purchased additional equipment for $$1,460,$ paying $$490in$ cash and the balance $on$ account.

$14$ Paid salaries $$4,270,$ rent $$1,100,$ and advertising expenses $$335$ for the month $of$ August.

$18$ Collected the balance for the services performed $on$ August $7.$

$20$ Paid cash dividend $of$ $$610to$ stockholders.

$24$ Billed a client $$1,220$ for legal services performed.

$26$ Received $$2,440$ from Laurentian Bank; the money was borrowed $on$ a bank note payable that $is$ due $in6$ months.

$27$ Agreed $to$ perform legal services for a client $in$ September for $$5,490.$ The client will pay the amount owing after the

services have been performed.

$28$ Received the utility bill for the month $of$ August $in$ the amount $of$ $$335$; $itis$ not due until September $15.$

$31$ Paid income tax for the month $$610.$