Debra Crawford created a corporation providing legal services, Debra Crawford Inc., on July $1,2022.$ On July $31$ the balance sheet

showed Cash $$5,120,$ Accounts Receivable $$3,200,$ Supplies $$640,$ Equipment $$6,400,$ Accounts Payable $$5,376,$ Common Stock

$$7,936,$ and Retained Earnings $$2,048.$ During August, the following transactions occurred.

Aug. $1$ Collected $$1,408$ of accounts receivable due from customers.

$4$ Paid $$3,456$ cash for accounts payable due.

$9$ Performed services worth $$6,912,$ of which $$4,608$ is collected in cash and the balance is due in September.

$15$ Purchased additional office equipment for $$5,120,$ paying $$896$ in cash and the balance on account.

$19$ Paid salaries $$1,792,$ rent for August $$896,$ and advertising expense $$448.$

$23$ Paid a cash dividend of $$896.$

$26$ Borrowed $$6,400$ from American Federal Bank; the money was borrowed on a $4-$month note payable.

$31$ Incurred utility expenses for the month on account $$496.$

Debra Crawford created a corporation providing legal services, Debra Crawford Inc., on July $1,2022.$ On July $31$ the balance sheet

showed Cash $$5,120,$ Accounts Receivable $$3,200,$ Supplies $$640,$ Equipment $$6,400,$ Accounts Payable $$5,376,$ Common Stock

$$7,936,$ and Retained Earnings $$2,048.$ During August, the following transactions occurred.

Aug. $1$ Collected $$1,408$ of accounts receivable due from customers.

$4$ Paid $$3,456$ cash for accounts payable due.

$9$ Performed services worth $$6,912,$ of which $$4,608$ is collected in cash and the balance is due in September.

$15$ Purchased additional offite equipment for $$5,120,$ paying $$896$ in cash and the balance on account.

$19$ Paid salaries $$1,792,$ rent for August $$896,$ and advertising expenses $$448.$

$23$ Paid a cash dividend of $$896.$

$26$ Borrowed $$6,400$ from American Federal Bank; the money was borrowed on a $4-$month note payable.

$31$ Incurred utility expenses for the month on account $$496.$

$($a$)$

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

changes in revenues or expenses. $($If a transaction results in 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.$)$