Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400. Equipment $6.000. Accounts Payable $4.000. and Owner's Capital $10,000. During August, the following transactions occurred. DONO UN Collected $1.300 of accounts receivable. Paid $2.500 cash on accounts payable. Recognized revenue of $8.700, of which $2.100 is collected in cash and the balance is due in September. Purchased additional equipment for $2.500. paying $500 in cash and the balance on account. Paid salaries $2.200. rent for August $1200, and advertising expenses $450. Withdrew $800 in cash for personal use. Received $1700 from Standard Federal Bank-money borrowed on a note payable. Incurred utility expenses for month on account $370. (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 for 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 Question 2 of 6 > -/1 (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. Of a transaction results in a decrease in Assets, Liabilities or Owner's Equity place a negative sign for 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 Supplies Equipme Bal $ $ 1 2 4 5. 6. 7. I 8. $ $ e Textbook and Media List of Accounts (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. Of a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example) BARBARA JONES, ATTORNEY AT LAW Liabilities Notes Accounts Payable Payable $ Equipment Owner's Capital $ $ $ I $ $ $ e Textbook and Media -11 E la) 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.) Owner's Equity Owner's Capital Owner's Drawings Revenues Expenses $ $ I $ $ e Textbook and Media
