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Complete the table Question 1 of 3 [3] View Policies -/33 E! Current Attempt in Progress Ruth Lewis opened a law office on July 1,

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Complete the table

Question 1 of 3 [3] View Policies -/33 E! Current Attempt in Progress Ruth Lewis opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,700, Supplies $500, Equipment $5,700, Accounts Payable $3,600, and Owner's Capital $9,300. During August, the following transactions occurred. 1. Collected $1,400 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $7,700 of which $2,500 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 $1,700, rent for August $1,100, and advertising expenses $350. 6. Withdrew $700 in cash for personal use. 7. Received $1,600 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $180.

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