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Bindy Cranford created a corporation providing legal services, Splsh Brothers inc, on July 1, 2025, On July 31 the balance sheet. showed Cash $5,800, Accounts

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Bindy Cranford created a corporation providing legal services, Splsh Brothers inc, on July 1, 2025, On July 31 the balance sheet. showed Cash \$5,800, Accounts Receivable \$5,250, Supplies $640, Equipment $7,750. Accounts Payable $6,950. Common 5 tock $10,750, and Retained Earnings $1.740. During August, the following transactions occurred Aug. 1 Collected $1.090 of accounts receivable due from customers. 4 Paid $2,780 cash for accounts payable due. 9 Performed services worth $6,260, of which $3,$60 is collected in cash and the bafance is due in 5 eptember. 15 Purchased additional office equipment for $4,190, paying $420 in cash and the balance on account. 19 Paid salaries $1,440, rent for August $770, and advertising expenses $320 23. Paid a cash dividend of $640. 26. Borrowed $5,400 trom American Federal Bank: the money was borrowed on a 4 -month note payable. 31 Incurred utility expenses for the month on account $380. (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in Retained Earnings. (If a transaction causes a decrease in Assets, Liabifities or Stockholders' Equity, place a negative sizn for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Post entries in the order presented in the question)

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