On August $31,$ the balance sheet of Novak Corp. showed Cash $$12,000,$ Accounts Receivable $$4,700,$ Supplies $$600,$ Equipment $$6,000,$ Accounts

Payable $$6,600,$ Common Stock $$15,850,$ and Retained Earnings $$850.$ During September, the following transactions occurred.

Paid $$3,500$ cash for accounts payable due.

Collected $$2,200$ of accounts receivable.

Purchased additional equipment for $$1,400,$ paying $$700$ in cash and the balance on account.

Recognized revenue of $$7,100,$ of which $$1,500$ is collected in cash and the balance is due in October.

Declared and paid a $$800$ cash dividend.

Paid salaries $$2,250,$ rent for September $$1,050,$ and advertising expense $$200.$

Incurred utilities expense for month on account $$260.$

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

$($a$)$