Patricia Johnson opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,100, Accounts Receivable $1.900, Supplies $400, Equipment $6,000, Accounts Payable $4,300, and Owner's Capital $9,100. During August, the following transactions occurred. 1 2. 3. 4. Collected $1,600 of accounts receivable. Paid $2,800 cash on accounts payalye. Recognized revenue of $6,800, of which $2,600 is collected in cash and the balance is due in September Purchased additional equipment for $1.900, paying $400 in cash and the balance on account Paid salaries $2,500. rent for August $1,100, and advertising expenses $450. Withdrew $700 in cash for personal use. Received $1,200 from Standard Federal Bank-money borrowed on a note payable. 5. 6. 7. 8 Incurred utility expenses for month on account $330. lal - Question 6 of 10 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 for parentheses) in front of the amount entered for the particular Asset Liability or Equity Item that was reduced. See Illustration 1-8 for example.) Owner's Equity Owner's Capital Owner's Drawings Revenues Expenses Question 6 of 10 - 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 for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced. See Illustration 1-8 for example.) Owner's Equity Owner's Capital Owner's Drawings Revenues Expenses $ JUDDIN eTextbook and Media 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 for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced. See Illustration 1-8 for example.) HNSON, ATTORNEY AT LAW Liabilities Owner's Equity Accounts Payable Owner's Capital Owner's Drawings $ TOT TIME 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 for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced. See Mustration 1-8 for example.) HNSON, ATTORNEY AT LAW Liabilities Owner's Equity Accounts Payable Owner's Capital Owner's Drawings $ $ ILOVE DA UTC 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) HINSON, ATTORNEY AT LAW Liabilities Owner's Equity Accounts Payable Owner's Capital Owner's Drawings IDEE TOIT linn eTextbook and Media Prepare a tabular analysis of the August transactions beginning with July 31 balances. Of a transaction results in a decrease in Assets, Liabilities or Owner's Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) PATRICIA JOHNSON, ATTORNEY AT LAW Liabilities Notes Equipment Accounts Payable Payable LOOD Innnn 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) PATRICIA JOHNSON, ATTORNEY AT LAW Liabilities Equipment Notes Payable Accounts Payable TIME linni 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example) PATRICIA JOHNSON, ATTORNEY AT LAW Liabilities Equipment Notes Payable Accounts Payable $ LITTORINI 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 example.) Assets Cash Accounts Receivable Supplies Equi Bal $ 1. TOODNE WINNO 7 INDE Inilanne 8
