Mary Crawford created a corporation providing legal services, Mary Crawford inc, on July 1, 2022. On July 31 the balance sheet showed Cash $3,200, Accounts Receivable $2,000, Supplies $400. Equipment $4,000, Accounts Payable $3,360, Common $ tock $4,960, and Retained Earnings $1,280. During August, the following transactions occurred. Aug. 1 Collected $880 of accounts receivable due from customers. 4 Paid $2,160 cash for accounts payable due. 9 Performed services worth $4,320, of which $2,880 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $3,200, paying $560 incash and the balance on account. 19 Paid salaries $1,120, rent for August $560, and advertising expenses $280. 23 Paid a cash dividend of $560. 26 Borrowed $4,000 from American Federal Banks the money was borrowed on a 4 -month note payable. 31 Incurred utility expenses for the month on account $304 Mary Crawford created a corporation providing legal services, Mary Crawford inc, on July 1, 2022. On July 31 the balance sheet showed Cash $3,200, Accounts Receivable $2,000, Supplies $400. Equipment $4,000, Accounts Payable $3,360, Common $ tock $4,960, and Retained Earnings $1,280. During August, the following transactions occurred. Aug. 1 Collected $880 of accounts receivable due from customers. 4 Paid $2,160 cash for accounts payable due. 9 Performed services worth $4,320, of which $2,880 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $3,200, paying $560 incash and the balance on account. 19 Paid salaries $1,120, rent for August $560, and advertising expenses $280. 23 Paid a cash dividend of $560. 26 Borrowed $4,000 from American Federal Banks the money was borrowed on a 4 -month note payable. 31 Incurred utility expenses for the month on account $304