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Collected the balance of the accounts receivable from August 31 Izabela Sheridan opened a medical office under the name Izabela Sheridan, MD, on August 1,

Collected the balance of the accounts receivable from August 31
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Izabela Sheridan opened a medical office under the name Izabela Sheridan, MD, on August 1, 2024. On August 31, the balance sheet showed Cash $3,420; Accounts Receivable $1,710; Supplies $684; Equipment $8,550 : Accounts Payable $6,270; Note Payable $3,420; and I. Sheridan, Capital, $4,674. During September, the following transactions occurred: Sept: 4 Collected $912 of accounts receivable. 5 Provided services of $11,970, of which $8.778 was collected frompatients and the remainder was on account. 7 Paid $3,306 on accounts payable. 12 Purchased additional equipment for $2.622, paying $912 cash and leaving the balance on account. 15 Paid salaries, $3,192; rent for September, $2,166 : and advertising expenses, $322. 18 Collected the balance of the accounts receivable from August 31 . 20 Withdrew $1,140 for personal use. 26 Borrowed $3,420 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 $6,498. CRS Corp. Will pay the amount owing after the medical services have been provided. 29 Received the telephone bill for September, $362 30 Billed the government $11,400 for services provided to patients in September

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