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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

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.

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Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity.) MARIGOLD VETERINARY CLINIC Balance Sheet September 30, 2017 Assets $ $ Liabilities and Stockholders' Equity $ $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Intangible Assets Total Current Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity List of Accounts Problem 3-6 (Part Level Submission) Accounts Payable Accounts Receivable Advertising Expense Buildings Cash Common Stock Dividends Equipment Gasoline Expense Insurance Expense Maintenance and Repairs Expense Notes Payable Rent Expense Rent Revenue Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Ticket Revenue Utilities Expense

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