Prepare an owner's equity statement for August(List items that increase owner's equity first.) LISA ANDERSON, ATTORNEY AT LAW Owner's Equity Statement For the Month Ended August 31, 2020 $ Lisa Anderson opened a law office on July 1, 2020. On July 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. 5. 6. 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. 7. 8. Incurred utility expenses for month on account $ 180