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Could some one please help me prepare these documents? please and thank you! P12A Analyse transactions and prepare income statement, retained earnings statement, and balance
Could some one please help me prepare these documents? please and thank you!
P12A Analyse transactions and prepare income statement, retained earnings statement, and balance sheet (LO3 45 On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash 89,000, Accounts Receivable 51,700, Supplies 5600. Equipment $6,000. Accounts Payable 53,600 Common Stock $13,000 and Retained Earings $700. During September, the following transactions occurred. 1. Paid 52.900 cash for accounts payable due 2. Collected 51.300 of accounts receivable. 3. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account 4. Recognized revenue of $7,300, of which $2,500 is collected in cash and the balance is due in October 5. Declared and paid a $400 cash dividend. 6. Paid salaries $1,700, rent for September $900, and advertising expense $200. 7. Incurred utilities expense for month on account $170. 8. Received $10,000 from Capital Bank on a 6-month note payable Step by Step Solution
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