المعادلة المحاسبية Accounting Equation

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p1-a2 jenny brown opend a law office, on july 1,2010.on july 31 , the balance sheet showed cash $5000,account receivable $1500 ,supplies $500, office equipment $6000, accounts payable $4200, and jenny brown,capital$8800. during august the following transactions occurred.

1-collected $1200 of accounts receivable.

2-paid $2800 cash on accounts payable

3-earned revenue of $8000 of which $3000 is collected in cash and the balance is due in september.

4-purchased additional office equipment for $2000,paying $400 in cash and the balance on account.

5-paid salaries $2500, rent for august $900,and advertising expenses $400.

6-withdrew $700 in cash for personal use

7-received $1500 from standard federal bank-money borrowed on a note payable.

8- incurred utility expenses for month on account $220