On August 31, the balance sheet of Marigold Veterinary Clinic showed Cash $10,000, Accounts Receivable $2,700, Supplies $600, Equipment $6,000, Accounts Payable $4,600, Common Stock $13,950, and Retained Earnings $750. During September, the following transactions occurred. 1. Paid $2,200 cash for accounts payable due. 2. Collected $1,650 of accounts receivable. 3. Purchased additional equipment for $2,150, paying $900 in cash and the balance on account. 4. Performed services worth $8,000, of which $2,950 is collected in cash and the balance is due in October. 5. Declared and paid a $1,050 cash dividend. 6. Paid salaries $2,050, rent for September $1,150, and advertising expense $200. 7. Incurred utilities expense for month on account $260. 8. Received $12,000 from Capital Bank on a 6-month note payable.

Question 3 of 5 - / 14 Assets + Accounts Receivable + Cash Supplies E Bal. $ $ $ $ 1. 2. 3. 4. 5. 6. 7. 8. $ $ $ $ Question 3 of 5 - / 14 III MARIGOLD VETERINARY CLINIC Liabilities Accounts Payable Notes Payable + Common Stock Equipment $ $ $ $ $ $ $ Question 3 of 5 - / 14 Stockholders' Equity Retained Earnings Revenues Expenses Dividends $ $ $ $ $ $ $ $