Karen White opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $6,000, Account Receivable $1,500, Supplies $400, Equipment $5,500, Accounts Payable $4,500, Owner's Capital $8,900. During August, the following transactions occured.

PLEASE:

Do a Tabular Analysis

Income Statement

Owner's equity statement

Balance & Liabilities and Owner's Equity

Karen White opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,500, Supplies $400, Equipment $5,500, Accounts Payable $4,500, and Owner's Capital $8,900. During August, the following transactions occurred. 1 2 3. Collected $1.200 of accounts recevable. Paid $2.400 cash on accounts payable. Recognized revenue of $8,800 of which $2,800 is collected in cash and the balance is due in September Purchased additional equipment for $1,900, paying $400 in cash and the balance on account. Paid salaries $2,700, rent for August $1.000, and advertising expenses $400. 4 5 6. Withdrew $700 in cash for personal use. 7 Received $2,000 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $200 Cash Receivable Supplies Bal. $ 6,000 1,500 400 1. 1.200 1.200 2 -2400 3 2,800 6,000 [ 4. -400 5 4,100 6. -700 7 2,000 1 Liabilities Notes Payable Equipment Accounts Payable Ow Cap 5,500 $ $ 4,500 i 2.400 1.900 1 i 2.000 KAREN WHITE, ATTORNEY AT LAW Income Statement For the Month Ended August 31, 2022 $ $ KAREN WHITE, ATTORNEY AT LAW Owner's Equity Statement For the Month Ended August 31, 2022 $ KAREN WHITE, ATTORNEY AT LAW Balance Sheet Assets $ 100 Liabilities and Owner's Equity Liabilities and Owner's Equity IN