Sarah Crawford created a corporation providing legal services, Sarah Crawford Inc., on July 1, 2027. On July 31 the balance sheet showed Cash $4,960, Accounts Receivable $3,100, Supplies $620, Equipment $6,200, Accounts Payable $5,208, Common Stock $7,688, and Retained Earnings $1,984. During August, the following transactions occurred. Aug. 1 Collected $1,364 of accounts receivable due from customers. 4 Paid $3,348 cash for accounts payable due. 9 Performed services worth $6,696, of which $4,464 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,960, paying $868 in cash and the balance on account. 19 Paid salaries $1,736, rent for August $868, and advertising expenses $434. 23 Paid a cash dividend of $868. 26 Borrowed \$6,200 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $480. (a) Prepare a tabular analysis of the August transactions beginning with July 31 balances. Include margin explanations for any changes in revenues or expenses. - Post entries in the order presented in the question. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. Assets 7/31 Bal. \$ Aug. 1 4 9 15 19 23 26 31 8/31 Bal. \$ $ $ $ SARAH CRAWFORD INC. Liabilities