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Bindy Crawford created a corporation providing legal services, Teal Mountain Inc, on July 1, 2022. On July 31 the balance sheet showed Cash $6,000; Accounts Receivable $4,050; Supplies $860; Equipment $6,550; Accounts Payable $5,750; Common Stock $9,750; and Retained Earnings $1,960. During August the following transactions occurred. Aug. 1 Collected $1,070 of accounts receivable due from customers. 4 Paid $2,780 cash for accounts payable due. 9 Performed services worth $6,220, of which $3,660 is collected in cash and the balance is due in September 15 Purchased additional office equipment for $4,130, paying $480 in cash and the balance on account. 19 Paid salaries $1,350, rent for August $720, and advertising expenses $300. 23 Paid a cash dividend of $670. 26 Borrowed $5,050 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $390. Prepare a tabular analysis of the August transactions beginning with July 31 balances. Indude margin explanations for any changes in Retained Earnings. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' 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 3-4 for example. Post entries in the order presented in the question.) Assets Cash Accounts Receivable Supplies Equipment July 31 Bal $ Aug. 1

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