On August 31, the balance sheet of Concord Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,800, and Retained Earnings $900. During September, following transactions occurred. 1. Paid $2,600 cash for accounts payable due. 2. Collected $1,850 of accounts receivable. 3. Purchased additional equipment for $2,350, paying $750 in cash and the balance on account. 4. Performed services worth $8,650, of which $1,900 is collected in cash and the balance is due in October. 5. Declared and paid a $1,700 cash dividend. 6. Paid salaries $1,700, rent for September $1,000, and advertising expense $150. 7. Incurred utilities expense for month on account $300. 8. Received $14,000 from Capital Bank on a 6-month note payable. T -2350 2. 1 Quddin Nurdin fondin nurdin 13000 15000 7050 -3700 Your answer is partially correct. Try again. Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) entered for the particular Asset, Liability or Equity item that was reduced.) Assets CONCORD VETERINARY CLINIC Liabilities Notes Accounts Common Payable + Payable + Stock Stockholders' Equity Accounts Retained Cash + Receivable + Supplies + Earnings + Revenu Dividends Bal. 110 15000 3004