Bindy Cravford created a corporation providing lesal services, Sage Hill Inc., on July $1,2025.$ On July $31$ the ba lance sheat showad

Cash $$4,400,$ Accounts Receivable $$3,900,$ Supplies $$690,$ Equipment $$6,400,$ Accounts Payable $$5,600,$ Common $tock$$8,000,$ and

Ratainad Earnins: $$1,790.$ During. Auzust, the following trareactions occurred.

Auz $1$ Collected $$1,000$ of accounts raceivable due from customers.

$4$ Paid $$2,670$ cash for accounts payable due.

$9$ Performed sevvices worth $$5,990,$ of which $$3,540$ is collscted in cash and the balance is due in September.

$15$ Purchased additional office squipmant for $$4,460,$ paying $$490$ in cash and the bal ance on account.

$19$ Paid salaries $$1,390,$ rent for Auzust $$690,$ and adverticina expenses $$320.$

$23$ Paid a cash dividend of $$800.$

$26$ Borrowed $$5,250$ from American Fsderal Bank; the money was borrowed on a $4-$month note payable.

$31$ Incurred utility experess for the month on account $$360.$

$($a$)$

Prspare a tabular analysis of the August transactions beginning with July $31$ balances. Include margin explanations for any

changss in Retained Earnings. $($If a transaction causes a decrease in Assets, Liabilities or 'Stockholders' Equit$),$ place a negative sign $($or

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.$)$

Assets

July $31$ Bal.

ALE $1$

$4$

$9$

$15$

$19$

$23$

$26$

$31$

$31$