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On August 31, the balance sheet of Cullumber Company showed Cash $10,000, Accounts Receivable $2,700, Supplies $600, Equipment $6,000, Accounts Payable $4,600, Common Stock $14,100,

On August 31, the balance sheet of Cullumber Company showed Cash $10,000, Accounts Receivable $2,700, Supplies $600, Equipment $6,000, Accounts Payable $4,600, Common Stock $14,100, and Retained Earnings $600. During September, the following transactions occurred.

1. Paid $1,900 cash for accounts payable due.
2. Collected $1,300 of accounts receivable.
3. Purchased additional equipment for $1,100, paying $700 in cash and the balance on account.
4. Recognized revenue of $6,800, of which $1,500 is collected in cash and the balance is due in October.
5. Declared and paid a $400 cash dividend.
6. Paid salaries $1,700, rent for September $1,000, and advertising expense $100.
7. Incurred utilities expense for month on account $170.
8. Received $10,000 from Capital Bank on a 6-month note payable.

Prepare a tabular analysis of the September transactions beginning with August 31 balances.

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