prepare a T accnts enter any opening balances, post the general journal entries and calculate end balance. if ending is 0 select bal for date and enter 0 for the normal balance for that accnt.

On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Lily Ltd. During August, the following summary transactions were completed. Aug. 1 Paid $360 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 $340. (Hint: Use the Prepaid Rent account.) 6 Received $3,120 cash from customers in payment of accounts. 10 Paid $3,390 for salaries due employees, of which $1,880 is for August and $1,510 is for July salaries payable. 13 Received $3,620 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 $780. 24 Pald salaries $2,640. 27 Performed services worth $4,590 on account and billed customers 29 Recelved $830 from customers for services to be provided in the future. 31 Declared and paid a $530 dividend. Aug. 3 : Aug. 31 Bal. : Prepaid Rent On August 1, 2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Lily Ltd. During August, the following summary transactions were completed. Aug. 1 Paid $360 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 $340. (Hint: Use the Prepaid Rent account.) 6 Received $3,120 cash from customers in payment of accounts. 10 Paid $3,390 for salaries due employees, of which $1,880 is for August and $1,510 is for July salaries payable. 13 Received $3,620 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 $780. 24 Pald salaries $2,640. 27 Performed services worth $4,590 on account and billed customers 29 Recelved $830 from customers for services to be provided in the future. 31 Declared and paid a $530 dividend. Aug. 3 : Aug. 31 Bal. : Prepaid Rent