On August $31,$ the balance sheet of Concord Corporation showed Cash $$12,000,$ Accounts Receivable $$4,700,$ Supplies $$600,$ Equipment $$6,000,$ Accounts Payable $$6,600,$ Common Stock $$15,950,$ and Retained Earnings $$750.$ During September, the following transactions occurred.

Paid $$3,300$ cash for accounts payable due.

Collected $$1,350$ of accounts receivable.

Purchased additional equipment for $$1,250,$ paying $$900$ in cash and the balance on account.

Recognized revenue of $$8,600,$ of which $$2,400$ is collected in cash and the balance is due in October.

Declared and paid a $$650$ cash dividend.

Paid salaries $$2,600,$ rent for September $$1,050,$ and advertising expense $$100.$

Incurred utilities expense for month on account $$220.$

Received $$12,000$ from Capital Bank on a $6-$month note payable.