On August 31, the balance sheet of Ayayai Veterinary Clinic showed Cash $10,800, Accounts Receivable $2,040, Supplies $720, Equipment $7,200, Accounts Payable $4,320, Common Stock $15,600, and Retained Earnings $840. During September, the following transactions occurred.

1.		Paid $3,480 cash for accounts payable due.
2.		Collected $1,560 of accounts receivable.
3.		Purchased additional equipment for $2,520, paying $960 in cash and the balance on account.
4.		Performed services worth $8,760, of which $3,000 is collected in cash and the balance is due in October.
5.		Paid a $480 cash dividend.
6.		Paid salaries $2,040, rent for September $1,080, and advertising expense $240.
7.		Incurred utilities expense for month on account $196.
8.		Received $12,000 from Capital Bank on a 6-month note payable.

(a)

Prepare a tabular analysis of the September transactions beginning with August 31 balances. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Post entries in the order presented in the question.)

AYAYAI VETERINARY CLINIC
	Assets							=	Liabilities			+	Stockholders' Equity
															Retained Earnings $840
	Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Notes Payable	+	Accounts Payable	+	Common Stock	+	Revenues		Expenses	-	Dividends
Bal.
1.
2.
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4.
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8.
Total: