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Iring August, the following summary transactions were completed: ug. 1 Paid $230 for advertising on...

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Accounting

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Iring August, the following summary transactions were completed: ug. 1 Paid $230 for advertising on Kijiji for the current month. 2 Provided $1.220 of services related to cash received in advance last month for services to be performed this month. 3 Paid August rent, \$1,050. 6 Received $1,200 cash from customers in payment of accounts, 7 Signed a contract with Merrithew's Appliances Ltd. to provide future repair services for its customers as required. 10 Paid $3,090 for salaries due employees, of which $1,700 was for August and $1,390 for July salaries payable 13 Received $3,000 cash for services performed to date in August. 15 Purchased new equipment for $1,900, which was financed with a bank loan. 20 Paid creditors $2,200 of accounts due. 22 Purchased supplies on account for $700. 24 Paid $3,200 for employees' salaries

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