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Current Attempt in Progress Bindy Crawford created a corporation providing legal services, Tamarisk Inc, on July 1 , 2 0 2 5 . On July
Current Attempt in Progress
Bindy Crawford created a corporation providing legal services, Tamarisk Inc, on July On July the balance sheet showed Cash $ Accounts Receivable $ Supplies $ Equipment $ Accounts Payable $ Common Stock $ and Retained Earnings $ During August, the following transactions occurred.
Aug. Collected $ of accounts receivable due from customers.
Paid $ cash for accounts payable due.
Performed services worth $ of which $ is collected in cash and the balance is due in September.
Purchased additional office equipment for $ paying $ in cash and the balance on account.
Paid salaries $ rent for August $ and advertising expenses $
Paid a cash dividend of $
Borrowed $ from American Federal Bank; the money was borrowed on a month note payable.
Incurred utility expenses for the month on account $
a
Prepare a tabular analysis of the August transactions beginning with July balances. Include margin explanations for any changes in Retained Earnings. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, 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
Cash
Accounts Receivable
Supplies
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