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How would I organize all of the information into the categories? (Note: The last row is Expenses) Problem 1-2A nououst 2oe lonnut an ahti ons

How would I organize all of the information into the categories? (Note: The last row is Expenses) image text in transcribed
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Problem 1-2A nououst 2oe lonnut an ahti ons ance rheet showed Cash $5.300, Accounts Receivable $2.000, Supolies $500, Equipment 36,100, Acounts Payable $3,500 1. Collected $1,700 of accounts receivable. 2. Paid $2,400 cash on accounts payable. 3. Recognized revenue of $7,300, of which $2,900 is collected in cash and the balance is due in September 4. Purchased additional equipment for $2,100, paying $300 in cash and the balance on account 5. Paid salaries $2,300, rent for August $1,200, and advertising expenses $450 6. Withdrew $800 in cash for personal use. 7. Received $1,900 from Standard Federal Bank-money borrowed on a note payable 8. Incurred utility expenses for month on account $230 Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negatihn or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See lilustration 1-8 for example.) UDI SALEN, ATTORNEY AT LAW Assets Liabilities Owner's Equity Owner's Owners Accounts Payable Payable Capital Accounts Revenues -- Expei Cash Receivable Supplies Equipment Drawings . Bal. 1. 1500 1500 2400 2400

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