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SAGE HILLINC Stockholders' Equity Revenues Expenses Dividends $ 5 Bindy Crawford created a corporation providing legal services, Sage Hall Inc, on July 1,2025, On July 31 the balance sheet shawed Retained Earnings \$1,960. During August, the following transactions occurred. Aug. 1 Collected $1.140 of accounts receivable due from customers. 4. Paid $2,620 cash for accounts payable due. 9 Performed services worth $,560, of which $3,590 is collected in cashand the balance is due in September. 15 Purchased additional office equipment for $4,070, paying $410 in cash and the balance on account. 19 Paid salaries $1,300, rent for August $720, and advertising expenses $330. 23 Paid a cash dividend of 5680. 26 Borrowed \$5,600 from American Federal Bank the money was borrowed on a 4-month note payable. 31 incurred utility expenses for the month on account $420