Kimberly Salem opened a law office on July 1,2022. On July 31, the balances in the accounts were as follows: Cash $5,100, Accounts Receivable $1,800, Supplies $800, Equipment $7,000, Accounts Payable $4,800, and Owner's Capital $9,900. During August, the following transactions occurred. 1. Collected $1.800 of accounts receivable. 2. Paid $2,700 cash on accounts paryable. 3. Recognized revenues of $6,500 of which $3,300 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2.800, paying $400 in cash and the balance on account. 5. Paid salaries $2,500, rent for August $1,000, and advertising expenses $700. 6. Withdrew $1,600 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 $270. Prepare a tabular summary 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 negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)