Abd El Hakim operates a consulting firm called Al Tayer Today, which began operations on August 1. On August 31, the companys records show the following accounts and amounts for the month of August.

Cash	$	25,400	Abd El Hakim, Withdrawals	$	6,040
Accounts receivable		22,410	Consulting fees earned		27,040
Office supplies		5,300	Rent expense		9,590
Land		44,040	Salaries expense		5,640
Office equipment		20,050	Telephone expense		920
Accounts payable		10,500	Miscellaneous expenses		550