On August 31, the balance sheet of Marigold Corp. showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $16,050, and Retained Earnings $650. During September, the following transactions occurred. 1. Paid $3,500 cash for accounts payable due. 2. Collected $2,050 of accounts receivable. 3. Purchased additional equipment for $2,350, paying $900 in cash and the balance on account. 4. Recognized revenue of $7,900, of which $2,550 is collected in cash and the balance is due in October. 5. Declared and paid a $2,250 cash dividend. 6. Paid salaries $2,100, rent for September $1,150, and advertising expense $100. 7. Incurred utilities expense for month on account $180. 8. Received $12,000 from Capital Bank on a 6-month note payable. Your answer is partially correct. 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) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) 0 0 0 0 0 0 Salaries and wages expense Rent expense 0 Salaries and wages expense 0 Rent expense 0 0 i.50 $ 650 $ 7900 $ 3530 Advertising expense