Bindy Crawford created a corporation providing legal services, Kingbird Inc., on July $1,2025.$ On July $31$ the balance sheet showed Cash $$5,100,$ Accounts Receivable $$4,950,$ Supplies $$960,$ Equipment $$7,450,$ Accounts Payable $$6,650,$ Common Stock $$9,750,$ and Retained Earnings $$2,060.$ During August, the following transactions occurred.

Aug. $1$ Collected $$1,040$ of accounts receivable due from customers.

$4$ Paid $$2,620$ cash for accounts payable due.

$9$ Performed services worth $$6,080,$ of which $$3,680$ is collected in cash and the balance is due in September.

$15$ Purchased additional office equipment for $$4,470,$ paying $$490$ in cash and the balance on account.

$19$ Paid salaries $$1,410,$ rent for August $$660,$ and advertising expenses $$350.$

$23$ Paid a cash dividend of $$760.$

$26$ Borrowed $$5,400$ from American Federal Bank; the money was borrowed on a $4-$month note payable.

$31$ Incurred utility expenses for the month on account $$430.$