On August 31, the balance sheet of Blue Spruce 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.

1.		Paid $2,850 cash for accounts payable due.
2.		Collected $2,300 of accounts receivable.
3.		Purchased additional equipment for $1,450, paying $850 in cash and the balance on account.
4.		Recognized revenue of $7,600, of which $3,500 is collected in cash and the balance is due in October.
5.		Declared and paid a $1,200 cash dividend.
6.		Paid salaries $1,900, rent for September $1,150, and advertising expense $100.
7.		Incurred utilities expense for month on account $200.
8.		Received $12,000 from Capital Bank on a 6-month note payable.

Blue Spruce Corp. Liabilities Notes Accounts Common + + Payable Payable Stock Assets Accounts Receivable + Stockholders' Equity Retained Earnings Revenues Expenses + + + + Cash Supplies Equipment Dividends Bal. $ $ $ $ $ $ $ $ $ $ $ 1. 2. 3. 4. 5. 6. Salaries and wages expense Rent expense Advertising expense 7. 8. $ $ $ $ $ $ $ $ $ $ $ Prepare an income statement for September. Blue Spruce Corp. Income Statement $ $ Prepare a retained earnings statement for September. (List items that increase retained earnings first.) Blue Spruce Corp. Retained Earnings Statement $ Prepare a balance sheet at September 30. (List Assets in order of liquidity.) Blue Spruce Corp. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $