RoESIONNot com plte Marked out of 20.00Flag question Transaction Analysis and Trial Balance Pam Brown owns Art Graphics, a firm providing designs for advertisers and market analysts. On july 1, the business's general ledger showed the following normal account balances: Cash $8,800 Accounts Payable 2,400 5,300 1,700 9,500 Accounts Receivable 10,100 Notes Payable Common Stock Retained Earnings $18,900 Total Lablies and Stockholders Equiry 518,900 Total Assets The following transactions occurred during the month of July: Paid July rent, $970. 2 Collected $7,400 on account from customers. 3 Paid $2.800 installment due on the $5,300 noninterest-bearing note payable. 4 Billed customers for design services rendered on account, $16,850. 5 Rendered design services and collected from cash customers, $1,500 6 Paid $1,700 to creditors on account 7 Collected $13,050 on account from customers 8 Paid a delvery service for delivery of graphics to commercial firms, $700. 9 Paid July salaries, $4,900 10 Received invoice for july advertising expense, to be paid in August, $900. 11 Paid utilities for July, $650 12 Paid stockholders a dividend of $2.300 cash. 13 Received invoice for supplies used in July, to be paid in August, $2,560, 14 Purchased computer for $4,600 cash to be used in business starting next month. July 1