Current Attempt in Progress Lisa Anderson opened a law office on July 1, 2020. On, 31, the balance sheet showed Cash $ 5,800, Accounts Receivable $ 1,600, Supplies $ 600. Equipment $ 5,500, Accounts Payable $3.500, and Owner's Capital $ 10,000. During August, the following transactions occurred. 1. 2. 3. 4. Collected $ 1,300 of accounts receivable. Paid $ 2,700 cash on accounts payable. Recognized revenue of $ 7,300, of which $1,500 is collected in cash and the balance is due in September Purchased additional equipment for $ 1,500, paying $ 400 in cash and the balance on account. Paid salaries $ 2,300, rent for August $ 1,000, and advertising expenses $ 350. Withdrew $ 700 in cash for personal use. Received $ 1,800 from Standard Federal Bank-money borrowed on a note payable. 5. 6. 7. 8. Incurred utility expenses for month on account $ 180. :39 PM Prepare a tabular analysis of the August transactions beginning with July 31 balances. Of a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Assets Cashi Accounts Receivable Supplies Equipment Bal $ 1 2 3 4. 5. 6. 7. 8. $ Prepare a tabular analysis of the August transactions beginning with July 31 balances. Of a transaction results in a decrease in Assets, Liabilities or Owner's 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 1-8 for example.) LISA ANDERSON, ATTORNEY AT LAW Liabilities Equipment Notes Payable Accounts Payable Owner's Capital $ to $ $ Prepare a tabular analysis of the August transactions beginning with July 31 balances. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Owner's Equity Owner's Capital Owner's Drawings Revenues Expenses $ 7 & $ $