On August 31 balance sheet of Sarasota Veterinary Cash $11,000, Accounts Recevable $3,700 , Supplies $600 Equipment $6,000 Payable $5,600 Stock $14,950 and Earnings $750. During September, the following transactions occurred:

1. Paid $2,400 cash for accounts payable due. 2. Collected $ 2,250 of accounts receivable .

3. Purchased additional equipment for $1,550, paying $750 cash and the balance on account. 4. Performed services worth $8,350 , of which $3,500 is collected cash and the balance due in October.

5. Declared and paid a $2,400 cash dividend

6. Paid salaries $1,750 , rent for September $1,200 , and advertising expense $150. 7. Incurred utilities expense for month on account $330 .

8. Received $13,500 from Capital Bank on a 6-month note payable .

Problem 3-6 (Part Level Submission) On August 31, the balance sheet of Sarasota Veterinary Clinic showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, quant 56,000, Accounts Payabil 5.600, Common Stock $14,950, and Retained Earnings $750. During September, the following transactions occurred. 1. Paid $2.400 cash for accounts payable due 2 Collected $2,250 of accounts receivable 3. Purchased additional equipment for $1,550, paying $750 in cash and the balance on account Performed services worth $8,350, of which $3,500 is collected in cash and the balance is due in October 5. Declared and paid a $2,400 cash dividend, 6. Paid salaries $1,750, rent for September $1,200, and advertising expense $150. 2 Incurred utsties expense for month on account $330. Received $13,500 from Capital Bank on a 6-month note payable. 4. (a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Labtes or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset Liability or quity item that was reduced.) SARASOTA VETERINARY CLINIC Assets Labilities Stockholders' Equity Accounts Notes Accounts Common Retained Cash Receivable Supplies Equipment Payable Payable Stock Earnings Revenues Expenses Dividends Bal $ $ $ $ $ $ 1 2. 3. 4