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Patricia Johnson opened a law office on July 1 , 2 0 2 2 . On July 3 1 , the balance sheet showed Cash
Patricia Johnson opened a law office on July On July the balance sheet showed Cash $ Accounts Receivable $ Supplies $ Equipment $ Accounts Payable $ and Owner's Capital $ During August, the following transactions
Collected $ of accounts receivable.
Paid $ cash on accounts payable
Recognized revenue of $ of which $ is collected in cash and the balance is due in September.
Purchased additional equipment for $ paying $ in cash and the balance on account.
Paid salaries $ rent for August $ and advertising expenses $
Withdrew $ in cash for personal use.
Received $ from Standard Federal Bankmoney borrowed on a note payable.
Incurred utility expenses for month on account
Use the informatuon above to answer the question in the picture. The red boxes are answers ive inputted but are
Wrong.
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