My Institution Courses Careens ACC 111:-Principles of Accounting I-Section 06 Fall 2017 myBusinessCourseChapter 2 Homework BusinessCouse E Menu QUESTION 3 Not complete Points out of8.00 Flag question Transaction Analysis and Trial Balance Pam Brown owns Art Graphics, a firm providing designs for advertisers and market analysts. On July 1, the business's general ledge showed the following normal account balances: Cash Accounts Recelvable 10,100 Notes Payable $2,/400 5,300 1,700 9,500 $8,800 Accounts Payable Common Stock Retained Earnings Total Assets $18,900 Total Liabilities and Stockholders' Equity $18,900 The following transactions occurred during the month of juby: july 1 Paid July rent, $970 2 Collected $7,400 on account from customers 3 Paid $2.800 installment due on the $5,300 noninterest-bearing note payable. 4 Billed customers for design services rendered on account, $16850. S Rendered design services and collected from cash customers, $1,500. 6 Paid $1,700 to creditors on account