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Liabilities Accounts Payable Stockholders' Equity Liabilities and Stockholders' Equity On August 31, the balance sheet of Oriole Company showed Cash $11,000, Accounts Receivable $3,700, Supplies
Liabilities Accounts Payable Stockholders' Equity Liabilities and Stockholders' Equity On August 31, the balance sheet of Oriole Company showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Accounts Payable $5,600, Common Stock $14,800, and Retained Earnings $900. During September, the following transactions occurred. 1. Paid $2,950 cash for accounts payable due 2. Collected $2,000 of accounts receivable. 3. Purchased additional equipment for $1.550, paying $750 in cash and the balance on account. 4. Recognized revenue of $8,800, of which $3,400 is collected in cash and the balance is due in October 5. Declared and paid a $2.000 cash dividend. 6. Paid salaries $2,200, rent for September $1,150, and advertising expense $100 7. Incurred utilities expense for month on account $210. 8. Received $13,000 from Capital Bank on a 6-month note payable
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