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Barbara Crawford created a corporation providing legal services, Barbara Crawford Inc., on July 1 , 2 0 2 7 . On July 3 1 the
Barbara Crawford created a corporation providing legal services, Barbara Crawford Inc., on July On July the balance sheet showed Cash $ Accounts Receivable $ Supplies $ Equipment $ Accounts Payable $ Common Stock $ and Retained Earnings $ During August, the following transactions occurred.
Aug. Collected $ of accounts receivable due from customers.
Paid $ cash for accounts payable due.
Performed services worth $ of which $ is collected in cash and the balance is due in September.
Purchased additional office equipment for $ paying $ in cash and the balance on account.
Paid salaries $ rent for August $ and advertising expenses $
Paid a cash dividend of $
Borrowed $ from American Federal Bank; the money was borrowed on a month note payable.
Incurred utility expenses for the month on account $
a
Prepare a tabular analysis of the August transactions beginning with July balances. Include margin explanations for any changes in revenues or expenses.
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