Bindy Crawford created a corporation providing legal services, Marin Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $4,200; Accounts Receivable $6,900; Supplies $720; Equipment $9,400; Accounts Payable $8,600; Common Stock $10,800; and Retained Earnings $1,820. During August the following transactions occurred. Aug. 1 4 Collected $1,070 of accounts receivable due from customers. Paid $2,670 cash for accounts payable due. 9 Performed services worth $6,210, of which $3,510 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,300, paying $440 in cash and the balance on account. 19 23 22 Paid salaries $1,340, rent for August $670, and advertising expenses $410. Paid a cash dividend of $680. 26 Borrowed $5,100 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $410.