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how to solve the retained earning statement and balance sheet Prepare a retained earnings statement for September. (List items that increase retained On August 31,
how to solve the retained earning statement and balance sheet
Prepare a retained earnings statement for September. (List items that increase retained On August 31, the balance sheet of Marigold Veterinary Clinic showed Cash $8,820, Accounts Receivable $1,666, Supplies $588, Equipment $5,880, Accounts Payable $3,528, Common Stock $12,740, and Retained Earnings $686. During September, the following transactions occurred. 1. Paid $2,842 cash for accounts payable due. 2. Collected $1,274 of accounts receivable. 3. Purchased additional equipment for $2,058, paying $784 in cash and the balance on aci 4. Performed services worth $7,154, of which $2,450 is collected in cash and the balance 5. Paid a $392 cash dividend. 6. Paid salaries $1,666, rent for September $882, and advertising expense $196. 7. Incurred utilities expense for month on account $163. 8. Received $9,800 from Capital Bank on a 6-month note payable. On August 31, the balance sheet of Marigold Veterinary Clinic showed Cash $8,820, Accounts Receivable $1,666, Supplies $588, Equipment $5,880, Accounts Payable $3,528, Common Stock $12,740, and Retained Earnings $686. During September, the following transactions occurred. 1. Paid $2,842 cash for accounts payable due. 2. Collected $1,274 of accounts receivable. 3. Purchased additional equipment for $2,058, paying $784 in cash and the balance on aci 4. Performed services worth $7,154, of which $2,450 is collected in cash and the balance 5. Paid a $392 cash dividend. 6. Paid salaries $1,666, rent for September $882, and advertising expense $196. 7. Incurred utilities expense for month on account $163. 8. Received $9,800 from Capital Bank on a 6-month note payable. Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity) Liabilities and Stockholders' Equity $ $ eTextbook and Media List of Accounts Step by Step Solution
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