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Debra King opened a faw office on July 1,2022 . On July 31, the balance...

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Accounting

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Debra King opened a faw office on July 1,2022 . On July 31, the balance sheet showed Cish $6,000, Accounts Receivable $1,900. Supplies \$600, Equipment $6,400, Accounts Piyable $4,100, and Owmer's Capital $10,800. During August, the following transactions occutred. 1. Collected $1,600 of accounts receivable: 2. Paid $2700 castion accounts payable. 3. Recognized revenue of $7.500 of which $3.300 iscollected in cashand the balance is due in September. 4. Purchased additional equipment for $2,400, paying $500 in cash and the balance on account. 5. Paid salaries $2,000, rent for August $1,100, and advertsing expenses $350. 6. Withitrew $700 in cash torpersonaluse. 7. Retuived 51900 from Standard Federal Bonk-monkq bocrowed on a note payable 8. Incuifed utility expenses for montion account $2.70. Prepare a tabular analysis of the August transactions beginning with July 31 balances af a transection resulb in a decrease in Aisets, Habilities or Owner's Equity place a negative sign (or parentheset) in front of the amount entered for the particular Asset, Liabiity or Equily item that was reduced See likuatration 1.8 for example.)

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