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Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies
Maria Gonzalez opened a veterinary business in Nashville, Tennessee, 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 M. Gonzalez, Capital $13,700. During September the following transactions occurred. Paid $2,900 cash on accounts payable. Collected $1,300 of accounts receivable. Purchased additional office equipment for $2,100, paying $800 in cash and the balance on account. Earned revenue of $8,000 of which $2,500 is collected in cash and the balance is due in October. Withdrew $1,000 in cash for personal use. Paid salaries $1,700, rent for September $900, and advertising expenses $300. Incurred utility expenses for month on account $170. Received $10,000 from Capital Money Bank - money borrowed on a note payable. Instructions
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