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On August 3 1 , the balance sheet of Sunland Veterinary Clinic showed Cash $ 1 1 , 0 0 0 , Accounts Receivable $
On August the balance sheet of Sunland Veterinary Clinic showed Cash $ Accounts Receivable $ Supplies $
Equipment $ Accounts Payable $ Common Stock $ and Retained Earnings $ During September, the following
transactions occurred.
Paid $ cash for accounts payable due.
Collected $ of accounts receivable.
Purchased additional equipment for $ paying $ in cash and the balance on account.
Recognized revenue of $ of which $ is collected in cash and the balance is due in October.
Declared and paid a $ cash dividend.
a Paid salaries $
b Rent for September $
c Advertising expense $
Incurred utilities expense for month on account $
Received $ from Capital Bank on a month note payable.
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