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Debra Crawford created a corporation providing legal services, Debra Crawford Inc., on July 1, 2022. On July 31 the balance sheet showed Cash \$5,120, Accounts Receivable \$3,200, Supplies \$640, Equipment \$6,400, Accounts Payable \$5,376, Common Stock $7,936, and Retained Earnings $2,048. During August, the following transactions occurred. Aug. 1 - Collected $1,408 of accounts receivable due from customers. 4 Paid $3.456 cash for accounts payable due. 9. Performed 5 ervices worth $6,92, of which $4,608 is collected in cash and the balance is due in September. 15. Purchased additional office equipment for $5,120, paying $896 in cash and the balance on account. 19 Paid salaries $1,792, rent for August $896, and advertising expenses $448. 23 Paid a cash dividend of $896. 26 Borrowed $6,400 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the monthon account $496