34918/assignments/3638945 Fiew Policies Current Attempt in Progress SIA Izabela Ivanhoe opened a medical office under the name Izabela Ivanhoe, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,300; Accounts Receivable $2,500; Supplies $488; Equipment $7,000; Accounts Payable $4,270; Note Payable $2,300, and I Ivanhoe, Capital, $5,718. During September, the following transactions occurred: Sept. 4 Collected $950 of accounts receivable. 5 Provided services of $10,372, of which $7,000 was collected from patients and the remainder was on account. 7 Paid $1,200 on accounts payable 12 Purchased additional equipment for $2,583, paying $920 cash and leaving the balance on account. 15 Paid salaries, $3,600; rent for September, $1,919; and advertising expenses. $158. 18 Collected the balance of the accounts receivable from August 31. 20 Withdrew $700 for personal use. 26 Borrowed $2,300 from the Bank of Montreal on a note payable. 28 Signed a contract to provide medical services, not covered under the government health plan, to employees of CRS Corp.in October for $5,300. CRS Corp. will pay the amount owing after the medical services have been provided 29 Received the telephone bill for September. $335. 30 Billed the government $10,500 for services provided to patients in September. Beginning with the August 31 balances, prepare a tabular analysis of the effects of the September transactions on the accounting equation. If a transaction causes a decrease in Assets, Cobilities or Owner's Equity, place a negative sign for parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-13 for example. urses/34918/assignments/3638945 Accounts Receivable Cash Supplies Equipment Bal. $ Chapter 1 Assignment s.com/courses/34918/assignments/3638945 Notes Payable ent Accounts Payable LIvanhoe, Capital LIvanhoe, Drawings signments/3638945 Owner's Equity 1. Ivanhoe, Capital 1. Ivanhoe, Drawings Revenues Expenses / / - $ / Prepare an income statement for September. IZABELA IVANHOE, MD Income Statement e Textbook and Media