Bindy Crawford created a corporation providing legal services Bindy Crawford Inc., on July 1, 2017....
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Accounting
Bindy Crawford created a corporation providing legal services Bindy Crawford Inc., on July 1, 2017. On July 31, the balance sheet showed Cash $4,000; Accounts Receivable $2, 500; Supplies $500; Equipment $5,000; Accounts Payable $4, 200; Common 1 Stock $6, 200; and Retained Earnings $1, 600. During August, the following transactions occurred. Prepare a tabular analysis of the August transactions beginning with July 31 balances. The column headings should be Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Common Stock + Retained Earnings + Revenue - Expenses - Dividends Include margin explanations for any changes m Retained Earnings. Prepare an income statement for August, a retained earnings statement for August and a classified balance sheet at August 31
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