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 (a) Complete the table below. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45). For item 6. list amounts from largest to smallest eg 10, 5, 3, 2. If answer is zero, please enter 0. All blanks must be filled in. Note: Drawings and Expenses always decrease the account.) MARIA GONZALEZ, VETERINARIAN Maria Gonzalez Capital Cash + Accounts Receivable + Supplies + Office Equipment = Notes Payable + Accounts Payable + M. Gonzalez Capital - M. Gonzalez Drawing + Revenues - Expenses Bal. 1. 2. 3. 4. 5. 6. 7. 8. (b) Complete the income statement for September, an owner's equity statement for September, and a balance sheet at September 30. (List amounts from largest to smallest eg 10, 5, 3, 2. If a net loss, record amount using either a negative sign preceding the number eg -45 or parentheses eg (45). For the balance sheet, list assets in order of liquidity and liabilities from largest to smallest eg 10, 5, 3, 2.) Maria Gonzalez, Veterinarian Income Statement September 30, 2010For the Month Ended September 30, 2010 Revenues Service revenueSalaries expenseAccounts payableAccounts receivableSuppliesUtilities expenseAdvertising expenseM.Gonzalez, CapitalOffice equipmentRent expenseCashNotes payableDrawings $ Expenses Advertising expenseCashUtilities expenseService revenueRent expenseSuppliesAccounts receivableOffice equipmentNotes payableAccounts payableM.Gonzalez, CapitalSalaries expenseDrawings $ CashAdvertising expenseAccounts payableDrawingsRent expenseService revenueUtilities expenseSalaries expenseM.Gonzalez, CapitalNotes payableAccounts receivableSuppliesOffice equipment Service revenueUtilities expenseRent expenseAccounts payableSuppliesOffice equipmentM.Gonzalez, CapitalSalaries expenseDrawingsAdvertising expenseCashAccounts receivableNotes payable Rent expenseAdvertising expenseCashUtilities expenseAccounts receivableSalaries expenseSuppliesService revenueOffice equipmentM.Gonzalez, CapitalDrawingsNotes payableAccounts payable Total expenses Net income (loss) $ Maria Gonzalez, Veterinarian Owner's Equity Statement September 30, 2010For the Month Ended September 30, 2010 M.Gonzalez, Capital, September 30CashOffice equipmentSalaries expenseService revenueSuppliesAccounts payableUtilities expenseNotes payableRent expenseAdvertising expenseNet incomeAccounts receivableM.Gonzalez, Capital, September 1Drawings $ Add: Rent expenseAccounts receivableCashNet incomeAdvertising expenseUtilities expenseSalaries expenseSuppliesM.Gonzalez, Capital, September 1Office equipmentService revenueDrawingsM.Gonzalez, Capital, September 30Notes payableAccounts payable Less: SuppliesUtilities expenseM.Gonzalez, Capital, September 30Accounts receivableM.Gonzalez, Capital, September 1Office equipmentService revenueCashNotes payableAccounts payableNet incomeDrawingsAdvertising expenseRent expenseSalaries expense Net incomeUtilities expenseAdvertising expenseSalaries expenseOffice equipmentM.Gonzalez, Capital, September 1Notes payableCashRent expenseAccounts payableService revenueAccounts receivableSuppliesM.Gonzalez, Capital, September 30Drawings $ Maria Gonzalez, Veterinarian Balance Sheet For the Month Ended September 30, 2010September 30, 2010 Assets Salaries expenseAdvertising expenseRent expenseUtilities expenseDrawingsService revenueNotes payableAccounts payableAccounts receivableCashSuppliesOffice equipmentM.Gonzalez, Capital $ Notes payableService revenueCashAccounts payableSalaries expenseM.Gonzalez, CapitalRent expenseDrawingsAdvertising expenseSuppliesOffice equipmentUtilities expenseAccounts receivable SuppliesOffice equipmentRent expenseAdvertising expenseUtilities expenseService revenueAccounts payableDrawingsNotes payableAccounts receivableCashM.Gonzalez, CapitalSalaries expense Rent expenseAccounts receivableDrawingsSuppliesAccounts payableM.Gonzalez, CapitalNotes payableOffice equipmentCashService revenueSalaries expenseAdvertising expenseUtilities expense Total assets $ Liabilities and Owner's Equity Liabilities Advertising expenseM.Gonzalez, CapitalAccounts payableOffice equipmentAccounts receivableSalaries expenseService revenueUtilities expenseDrawingsRent expenseNotes payableSuppliesCash $ Notes payableAdvertising expenseService revenueM.Gonzalez, CapitalAccounts receivableAccounts payableOffice equipmentUtilities expenseDrawingsSuppliesCashSalaries expenseRent expense Total Liabilities Owner's equity Utilities expenseAdvertising expenseCashAccounts payableDrawingsRent expenseM.Gonzalez, CapitalService revenueNotes payableSalaries expenseOffice equipmentSuppliesAccounts receivable Total liabilities and owner's equity $