NWUAX + Bretlandechond6072082-4738-0-3602./question/ Question 1 of 1 -/1 View Policies Current Attempt in Progress Elizabeth Brown pened a law office on July 1, 2020. On July 31. the balance sheet showed Cash $5,300 Accounts Receivable $2,700, Supplies 5600, Fauipment 56.300 Accounts Payable $3,800 and Owner's Capital $10,100. During August, the following transactions occurred 1. 2 3 4, 5 Collected $1400 of accounts receivable Paid $2.400 cash on accounts payable Recognized revenue of $8.200, of which $2.900 collected in cash and the balance is due in September Purchased additional equipment for $2.500, paying $400 in cash and the balance on account. Paid salaries $2.700. rent for August $1.200, and advertising expenses $450 Withdrew $1.100 in Cash for personalise Received $2.000 from Standard Federal Bank-money benewed on a note Incurred utility expenses for month on account 5210 6 7 () Preparatabi analysis of the Austrations begin with y 3 hobances from results in decrease in Assets, Le Owner's new for these in front of the amount entered for the price Liability or Equity that was redunderton 1-6 forum Accounts 5 NWUAX + Bretlandechond6072082-4738-0-3602./question/ Question 1 of 1 -/1 View Policies Current Attempt in Progress Elizabeth Brown pened a law office on July 1, 2020. On July 31. the balance sheet showed Cash $5,300 Accounts Receivable $2,700, Supplies 5600, Fauipment 56.300 Accounts Payable $3,800 and Owner's Capital $10,100. During August, the following transactions occurred 1. 2 3 4, 5 Collected $1400 of accounts receivable Paid $2.400 cash on accounts payable Recognized revenue of $8.200, of which $2.900 collected in cash and the balance is due in September Purchased additional equipment for $2.500, paying $400 in cash and the balance on account. Paid salaries $2.700. rent for August $1.200, and advertising expenses $450 Withdrew $1.100 in Cash for personalise Received $2.000 from Standard Federal Bank-money benewed on a note Incurred utility expenses for month on account 5210 6 7 () Preparatabi analysis of the Austrations begin with y 3 hobances from results in decrease in Assets, Le Owner's new for these in front of the amount entered for the price Liability or Equity that was redunderton 1-6 forum Accounts 5