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kindly solve and explain that Question # 1 On August 31, the balance sheet of Donahue Veterinary Clinic showed Cash $15,000, Accounts Receivable $5,700, Supplies

kindly solve and explain that

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Question # 1 On August 31, the balance sheet of Donahue Veterinary Clinic showed Cash $15,000, Accounts Receivable $5,700, Supplies $6000, Equipment $18,000, Accounts Payable $7,600, Common Stock $83,400, and Retained Earnings $3700. During September, the following transactions occurred 1. Paid $2,400 cash for accounts payable due 2. Collected $1,900 of accounts receivable 3. Purchased additional office equipment for $6,400, paying $900 in cash and the balance on account 4. Earned revenue of $11,900, of which 56,900 is collected In cash and the balance is due in October 5. Declared and paid a $2250 cash dividend 6. Paid salaries $1,850, rent for September $1600, and advertising expense $1300 7 Incurred utilities expense for month on account $1170. 8. Received $15,000 from Capital Bank on a 6-month note payable Instructions Show the effects of above mentioned transactions In accounting equation. Prepare a tabular analysis of the September transactions beginning with August 31 balances. The column headings should be as follows; Cash, Accounts Receivable, Supplies, Equipment, Notes Payable, Accounts Payable, Common Stock, Retained Earnings, Revenues, Expenses, and Dividends. (5) the first month of the operation of her business

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