\fCurrent Attempt in Progress Laura Hall opened a law ofce on July 1. 2022. On July 31. the balance sheet showed Cash $5,300. Accounts Receivable $1.900. Supplies $600. Equipment $5.900. Accounts Payable $4,500, and Owner's Capital $9.200. During August, the following transactions occurred. 1. Collected $1.600 of accounts receivable. 2. Paid $3.000 cash on accounts payable. 3. Recognized revenue of $8.600 of which $1,800 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2,100. paying $500 in cash and the balance on account. 5. Paid salaries $2.200, rent for August $1,000, and advertising expenses $350. 6. Withdrew $800 in cash for personal use. 7. Received $1,200 from Standard Federal Bankmoney borrowed on a note payable. 8. Incurred utility expenses for month on account $280