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Due Date: Monday October 5th Shaikha opened a veterinary business in Dubai on August 1.On August 31, the balance sheet showed Cash $9,000, Accounts Receivable
Due Date: Monday October 5th Shaikha opened a veterinary business in Dubai on August 1.On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and Shaikha's Capital of $13,700. During September the following transactions occurred. 1. Paid $2,900 cash on accounts payable. 2. Collected $1,300 of accounts receivable. 3. Purchased additional office equipment for $2,100, paying $800 in cash and the balance on account. 4. Earned revenue of $8,000, of which $2,500 is paid in cash and the balance is due in October 5. Withdrew $1,000 cash for personal use. 6. Paid salaries $1,700, rent for September $900, and advertising expense $300. 7. Incurred utilities expense for month on account $170. 8. Received $10,000 from Capital Bank-money borrowed on a note payable. Prepare an income statement for September, an owner's equity statement for September, and a balance sheet at September 30
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