prepare a tabular analysis of the August transations beginjng wirh july 31 balance.

Betty Harris opened a law office on July 1,2022 . On July 31 , the balance sheet showed Cash $5,900. Accounts Receivable $1,900, Supplies $500, Equipment $6,500, Accounts Payable $4,200, and Owner's Capital $10,600. During August, the following transaction occurred. 1. Collected $1,600 of accounts receivable. 2. Paid $2,500 cash on accounts payable. 3. Recognized revenue of $8,500 of which $3,400 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $1,900, paying $500 in cash and the balance on account. 5. Paid salaries $2,300, rent for August $1,200, and advertising expenses $350. 6. Withdrew $1,100 in cash for personal use. 7. Received $1,300 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $280. 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.) Question 1 of 3 133 Owner' Capital Owner's Revenues Expenses $ $ 5