Question 17 of 18 View Policies Current Attempt in Progress -/20 E Dorothy Taylor opened a law office on July 12022. On July 31, the balance sheet showed Cash $5,900, Accounts Receivable $1,800, Supplies $400, Equipment $6,400, Accounts Payable $4,300, and Owner's Capital $10,200. During August, the following transactions occurred. 1. Collected $1,500 of accounts receivable. 2. Paid $2,700 cash on accounts payable. 3. Recognized revenue of $7,700 of which $2,800 is collected in cash and the balance is due in September. 4 Purchased additional equipment for $1,700, paying $300 in cash and the balance on account. 5, Paid salaries $1,900, rent for August $1,100, and advertising expenses $350. 6. Withdrew $700 in cash for personal use. 7. Received $1,900 from Standard Federal Bank-money borrowed on a note payable. B Incurred utility expenses for month on account $280. (a) tabutramitals of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, (a) 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) Assets Cash Accounts Receivable Bal. $ $ 1. 2 3. 4. 5. 6. Supplies Equipme Question 170 Accounts Cash Receivable Supplies Bal $ 1 2 3. 4 5 6. 7. 8 eTextbook and Media List of Accounts -/20 E Equipme