Current Attempt in Progress. Betty Harris opened a law office on July 1, 2022, On July 31, the balance sheet showed Cash $5,900, Accounts Receivable $1,900, Supplies $500, Equipment $6,500, Accounts Payable $4,200, and Owner's Capital $10,600. During August, the following transactions occurred. 1. 2. 3. 4. 5. 6. Collected $1,600 of accounts receivable. Paid $2,500 cash on accounts payable.. Recognized revenue of $8,500 of which $3,400 is collected in cash and the balance is due in September. Purchased additional equipment for $1,900, paying $500 in cash and the balance on account. Paid salaries $2,300, rent for August $1,200, and advertising expenses $350. Withdrew $1,100 in cash for personal use. Received $1,300 from Standard Federal Bank-money borrowed on a note payable. Incurred utility expenses for month on account $280. 7. 8

Owneri Capital $10,600. During August, the following transactionsoccurced. 1 Collected 51,600 of accounts receivable. 2. Paid 9.500 cashon sccounts psyable. B. Wiandew 51,100 in cash for personol use 8. Incorred utility expennes for momtion account $280 Owneri Capital $10,600. During August, the following transactionsoccurced. 1 Collected 51,600 of accounts receivable. 2. Paid 9.500 cashon sccounts psyable. B. Wiandew 51,100 in cash for personol use 8. Incorred utility expennes for momtion account $280