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On August 31, the balance sheet of Ayayai Veterinary Clinic showed Cash $7,200, Accounts Receivable $1,360, Supplies $480, Equipment $4,800, Accounts Payable $2,880, Common Stock

On August 31, the balance sheet of Ayayai Veterinary Clinic showed Cash $7,200, Accounts Receivable $1,360, Supplies $480, Equipment $4,800, Accounts Payable $2,880, Common Stock $10,400, and Retained Earnings $560. During September, the following transactions occurred

1. Paid $2,320 cash for accounts payable due.
2. Collected $1,040 of accounts receivable.
3. Purchased additional equipment for $1,680, paying $640 in cash and the balance on account.
4. Performed services worth $5,840, of which $2,000 is collected in cash and the balance is due in October.
5. Paid a $320 cash dividend.
6. Paid salaries $1,360, rent for September $720, and advertising expense $160.
7. Incurred utilities expense for month on account $136.
8. Received $8,000 from Capital Bank on a 6-month note payable

No. Assets = Liabilities + Stockholders Equity
Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Notes Payable + Common Stock + Retained Earnings - Dividends + Revenue - Expenses
Beg.Bal. + + + = + + + - + -
1. + + + = + + + - + -
2. + + + = + + + - + -
3. + + + = + + + - + -
4. + + + = + + + - + -
5. + + + = + + + - + -
6. + + + = + + + - + -
7. + + + = + + + - + -
8. + + + = + + + - + -
Bal. + + + = + + + - + -

AYAYAI VETERINARY CLINIC Income Statement choose the accounting period For the Year Ended September 30, 2022September 30, 2022For the Month Ended September 30, 2022

select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, September 1Retained Earnings, September 30RevenuesTotal ExpensesTotal RevenuesInvestments

enter an income statement item

$enter a dollar amount

select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, September 1Retained Earnings, September 30RevenuesTotal ExpensesTotal RevenuesInvestments

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, September 1Retained Earnings, September 30RevenuesTotal ExpensesTotal RevenuesInvestments

enter a total amount for section two

select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, September 1Retained Earnings, September 30RevenuesTotal ExpensesTotal RevenuesInvestments

$enter a total net income or loss amount

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