Business, 12.03.2020 20:54 priscillavaladez1112

Bindy Crawford created a corporation providing legal services, Windsor, Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $6,100; Accounts Receivable $6,250; Supplies $950; Equipment $8,750; Accounts Payable $7,950; Common Stock $12,050; and Retained Earnings $2,050. During August the following transactions occurred.

Aug. 1 Collected $1,130 of accounts receivable due from customers.
4 Paid $2,670 cash for accounts payable due.
9 Performed services worth $5,640, of which $3,650 is collected in cash and the balance is due in September.
15 Purcsed additional office equipment for $4,090, paying $490 in cash and the balance on account.
19 Paid salaries $1,460, rent for August $780, and advertising expenses $370 23 Paid a cash dividend of $72D
26 Borrowed $5,900 from American Federal Bank; the money was borrowed on a 4-month note payable.
31 Incurred utility expenses for the month on account $420.

Required:
Prepare a tabular analysis of the August transactions beginning with July 31 balances.

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Bindy Crawford created a corporation providing legal services, Windsor, Inc., on July 1, 2022. On Ju...

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