Jenny Brown Opened A Law Office, On July 1, 2008. On July 31. The Balance Sheet showed cash $5000, account receivable $1,500,supplies $500, office equipment $6000, account payable $4,200,and Jenny Brown, capital $8.800.during August the following transaction occurred. 1.collected $1,200 of account receivable. 2. paid $2,800 cash kn account payable. 3. earned revenue of $8,000 of which $3,000 is collected in cash and the balance in due in september. 4. purchased additional office equipment for $2,000, paying $400 in cash and the balance on account. 5. paid salaries $2,500, rent for august $900, and advertising expenses $400. 6.withdrew $700 in cash personal use. 7.received $1,500 from standard federal bank - money borrowed on a note payable. 8.incurred utility expenses for month on account $220. Questiom b. owners equity statement ​