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need help with last part of work sheet please Susan Wilson opened a law office on July 1, 2022. On July 31, the balance sheet
need help with last part of work sheet please
Susan Wilson opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $5,400, Accounts Receivable $1,500, Supplies $600, Equipment $5,500, Accounts Payable $3,700, and Owner's Capital $9,300. During August, the following transactions occurred. 1. Collected $1,200 of accounts receivable. 2. Paid \$2,900 cash on accounts payable. 3. Recognized revenue of $8,000 of which $3,400 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2,000, paying $300 in cash and the balance on account. 5. Paid salaries $2,400, rent for August $1,200, and advertising expenses $450. 6. Withdrew $1,100 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 $180. 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 negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for eample) Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Labilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced. See Illustrution 1-8 for exmple.) Owner's Equity Step by Step Solution
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