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Bindy Crawford created a corporation providing legal services, Larkspur Inc, on July 1, 2025. On July 31 the balance sheet showed Cash $5,200, Accounts Receivable

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Bindy Crawford created a corporation providing legal services, Larkspur Inc, on July 1, 2025. On July 31 the balance sheet showed Cash $5,200, Accounts Receivable $3,850, Supplies $840, Equipment $6,350, Accounts Payable $5,550, Common Stock $8,750, and Retained Earnings $1,940. During August, the following transactions occurred. Aug. 1 Collected $1,030 of accounts receivable due from customers. 4 Paid $2,780 cash for accounts payable due. 9 Performed services worth $5,610, of which $3,540 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,350, paying $440 in cash and the balance on account. 19 Paid salaries $1,350, rent for August $650, and advertising expenses $300. 23 Paid a cash dividend of $700. 26 Borrowed $5,200 from American Federal Bank the money was borrowed on a 4 -month note payable. 31 Incurred utility expenses for the month on account $420. Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in Retained Earnings. (If a transoction couses a decrease in Assets, Llabliltles or Stockholders' Equity, ploce a negothe sign (or parentheses) in front of the arnount entered for the particular Asset, Llability ar Equity item that was reduced, Post entries in the order presented in the question) LARKSPURINC. Liabilities Stockholders' Equity Revenues Dividends

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