Question
On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $ 9,000, Accounts Receivable $ 1,700, Supplies $ 600, Equipment $ 6,000,
On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $ 9,000, Accounts Receivable $ 1,700, Supplies $ 600, Equipment $ 6,000, Accounts Payable $ 3,600, Common Stock $ 13,000, and Retained Earnings $ 700. During September, the following transactions occurred.
1. Paid $ 2,900 cash for accounts payable due. 2. Collected $ 1,300 of accounts receivable. 3. Purchased additional equipment for $ 2,100, paying $ 800 in cash and the balance on account. 4. Recognized revenue of $ 7,300, of which $ 2,500 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 $ 900, and advertising expense $ 200. 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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