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(b) Net income 13,890 loss for May tion of Donahue Veterinary Clinic Apgwetrgnsactions and P1 prepare income siatement, 31, the statement of fina nts R
(b) Net income 13,890 loss for May tion of Donahue Veterinary Clinic Apgwetrgnsactions and P1 prepare income siatement, 31, the statement of fina nts R abic $3,600, Share Capital-Ordina sh $9,0 Acco and Retained Earnings $700 and statement of financiaDuring September, the following transactions occ position. : Paid $2,90 cash for laccountpayable (LO 6, 7, 8) 1.300 of accounts receival Purchaied additional equipment for $2.100, paying $800 in cash and on (account Earned revenue bE.00which $2,500 is collected in eash and the balance is due. 5. 7. Incured itifitie and paid a $400 cash dividend. for September $900, andadvertising expense $200 8. Received Stoomona 6monoe poyable. Instructions (a) Ending cast $15,900 (a) Prepare a tabular analysis of the September transactions beginning with August 31 balanices. The column headings should be as follows: Cash+ Accounts Receivable+ Supplies + EquipmentNotes Payable +Accounts Payable +Share Capital Retained Earnings +Revenues - Expenses-Dividends. Net income 34,330 (b) Prepare a for September, a retained earnings statement for $29,800 September, and a statement of financial position at September 30
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