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1: Homework Prepare an owner's equity statement for August (List items that increase owner's equity first.) MARIA MILLER, ATTORNEY AT LAW Owner's Equity Statement e Textbook and Media List of Accounts ty 0 30 888 Fa FT FS 16 # 3 2 $ 4 % 5 6 & 7 8 W E R T T Y . S D F G H 1: Homework Question 2 of 6 -/1 Current Attempt in Progress Maria Miller opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,800, Supplies $400, Equipment $5,900, Accounts Payable $3,800, and Owner's Capital $9,300. During August, the following transactions occurred. 1. 2. 3. 4. Collected $1,500 of accounts receivable. Paid $2,800 cash on accounts payable. Recognized revenue of $8,400, of which $2,500 is collected in cash and the balance is due in September. Purchased additional equipment for $2,300, paying $500 in cash and the balance on account. Paid salaries $1.900, rent for August $1.200, and advertising expenses $450. Withdrew $900 in cash for personal use. Received $1,000 from Standard Federal Bank-money borrowed on a note payable. Incurred utility expenses for month on account $230. 5. 6. 7. 8. (a) tv SO Fd DI OD CE $ & 2 3 4 5 6 Z 8