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Izabela Jach opened a medical office under the name Izabela Jach, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $3,000;

Izabela Jach opened a medical office under the name Izabela Jach, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $3,000; Accounts Receivable $1,500; Supplies $600; Equipment $7,500; Accounts Payable $5,500; Note Payable $3,000; and I. Jach, Capital, $4,100. During September, the following transactions occurred:

Sept. 4Collected $800 of accounts receivable.

5Provided services of $10,500, of which $7,700 was collected from patients and the remainder was on account.

7Paid $2,900 on accounts payable.

12Purchased additional equipment for $2,300, paying $800 cash and leaving the balance on account.

15Paid salaries, $2,800; rent for September, $1,900; and advertising expenses, $275.

18Collected the balance of the accounts receivable from August 31.

20Withdrew $1,000 for personal use.

26Borrowed $3,000 from the Bank of Montreal on a note payable.

28Signed a contract to provide medical services, not covered under the government health plan, to employees of CRS Corp. in October for $5,700. CRS Corp. will pay the amount owing after the medical services have been provided.

29Received the telephone bill for September, $325.

30Billed the government $10,000 for services provided to patients in September.

Beginning with the August 31 balances, prepare a tabular analysis of the effects of the September transactions on the accounting equation.

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