Be clear pls easy to read it pls SONYA JARED, ATTORNEY AT LAWOwner's Equity StatementeTextbook and MediaList of Accounts Sonya Jared opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $5.000, Accounts Recelvable $1,500,Supplies $500, Equipment $6,000, Accounts Payable $4,200, and Owner's Capital $8,800. During August, the following transactionsoccurred.1.Collected $1,200 of accounts receivable.2.Paid $2.800 cash ón accounts payable.Recognized revenue of $7,500 of which $4,000 is collected in cash and the balance is due in September.Purchased additional equipment for $2,000. paying $400 in cash and the balance on account.5:Paid salaries $2,800, rent for August $900, and advertising expenses $400.6.Withdrew $700 in cash for personal use.Received $2,000 from Standard Federal Bank-money borrowed on a note payable.8.Incurred utility expenses for month on account $270.

Name: Be clear pls easy to read it pls SONYA JARED, ATTORNEY AT LAWOwner's E
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Description: Be clear pls easy to read it pls SONYA JARED, ATTORNEY AT LAWOwner's Equity StatementeTextbook and MediaList of Accounts Sonya Jared opened a law office on July 1, 2022. On July 31, the balance sheet showed Cash $5.000, Accounts Recelvable $1,500,Sup

The shareholders' equity statement records the changes that effected the capital of owners such as…

Business

Accounting

Sonya Jared opened a law office on July 1, 2022 On July 31, the balance sheet showed Cash$5.000, Accounts Receivable $1,500, Supplies $500, Equipment $6,00O0, Accounts Payable $4,200, and Owner's Capital $8,800. During August, the following transactions occurred. Collected $1,200 of accounts receivable. Paid $2.800 cash ón accounts payable. 3. Recognized revenue of $7.500 of which $4.000is collected in cash and the balance is due in September. Purchased additional equipment for $2.000, paying $400 in cash and the balance on account, Paid salaries $2.800, rent for August $900, and advertising expenses $400. 6. Withdrew $700 in cash for personal use. Recelved $2,000 from Standard Federal Bank-money borrowed on a noté payáble. 8. Incurred utility expenses for month on account $270.