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On August 31, the balance sheet of Blue Spruce Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,000 Retained

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On August 31, the balance sheet of Blue Spruce Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,000 Retained Earnings $600. During September, the following transactions occurred. 1. Paid $2,150 cash for accounts payable due 2. Collected $1,950 of accounts receivable. 3. Purchased additional equipment for $1,450, paying $700 in cash and the balance on account. 4. Performed services worth $7,200, of which $2,050 is collected in cash and the balance due in October 5. Declared and paid a $600 cash dividend. 5. Paid salaries $2.450, rent for September $1,200, and advertising expense $200 7. Incurred utilities expense for month on account $370. 3. Received $13,500 from Capital Bank on a 6-month note payable. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX! 16,100 600 3 600 2,450 1,200 200 370 600 16,100 600 7200 On August 31, the balance sheet of Blue Spruce Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,000 Retained Earnings $600. During September, the following transactions occurred. 1. Paid $2,150 cash for accounts payable due 2. Collected $1,950 of accounts receivable. 3. Purchased additional equipment for $1,450, paying $700 in cash and the balance on account. 4. Performed services worth $7,200, of which $2,050 is collected in cash and the balance due in October 5. Declared and paid a $600 cash dividend. 5. Paid salaries $2.450, rent for September $1,200, and advertising expense $200 7. Incurred utilities expense for month on account $370. 3. Received $13,500 from Capital Bank on a 6-month note payable. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX! 16,100 600 3 600 2,450 1,200 200 370 600 16,100 600 7200

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