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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 1,2027. On July 31 the balance sheet showed Cash $3,440, Accounts Receivable $2,150, Supplies $430, Equipment $4,300, Accounts Payable $3,612, Common Stock $5,332, and Retained Earnings $1,376. During August, the following transactions occurred.
Aug. 1 Collected $946 of accounts receivable due from customers.
4, Paid $2,322 cash for accounts payable due.
9 Performed services worth $4,644, of which $3,096 is collected in cash and the balance is due in September.
15 Purchased additional office equipment for $3,440, paying $602 in cash and the balance on account.
19 Paid salaries $1,204, rent for August $602, and advertising expenses $301.
23 Paid a cash dividend of $602.
26 Borrowed $4,300 from American Federal Bank; the money was borrowed on a 4-month note payable.
31 Incurred utility expenses for the month on account $328.
(a)
Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in revenues or expenses.
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