Question 1 of 2 Donna Crawford created a corporation providing legal services, Donna Crawford Inc, on July 1,2022. On July 31 the balance sheet showed Cash \$4,480, Accounts Receivable \$2,800, Supplies \$560, Equipment \$5,600, Accounts Payable \$4,704, Common 5 tock $6,944, and Retained Earnings \$1,792. During August, the following transactions occurred. Aug. 1 Collected $1,232 of accounts receivable due from customers. 4 Paid $3,024 cash for accounts payable due. 9 Performed services worth $6,048, of which $4,032 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,480, paying $784 in cash and the balance on account. 19 Paid salaries $1,568, rent for August $784, and advertising expenses $392. 23 Paid a cash dividend of $784. 26 Borrowed $5,600 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $432 ; Revenues Expenses Dividends 3 0 s 0 $ 0 is