Tot at May 31, 2022. bare an mnings P3.3A (LO 1,2), AP Bindy Crawford created a corporation providing legal service viding legal services, Bindy Crawford $4.000, Accounts Receivable $2,500, GLS Excel Supplies $500, Equipment $5,000, Accounts Payable $4,200, Common Stock $6.200 Earnings $1,600. During August, the following transactions occurred. k $6,200, and Retained Aug. 1 Collected $1,100 of accounts receivable due from customers. 4 Paid $2,700 cash for accounts payable due. 9 Performed services worth $5,400, of which $3,600 is collected in cash and the balance is due in September. 15 Purchased additional office equipment for $4,000, paying $700 in cash and the balance on account. Paid salaries $1,400, rent for August $700, and advertising expenses $350. 23 Paid a cash dividend of $700. 26 Borrowed $5,000 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $380. $7,150 Instructions a. Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column heading should be Cash + Accounts Receivable + Supplies + Equipment = Notes Payable +Account Payable + Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Incide explanations for any changes in Retained Earnings. b. Prepare an income statement for August, a retained earnings statement for August, and a balance sheet at August 31. $2,570 $3,470 1 . Dean