On August 31, the balance sheet of Monty Veterinary Clinic showed Cash $9,180, Accounts Receivable $1,734, Supplies $612. Equipment $6,120, Accounts Payable $3,672, Common Stock $13,260, and Retained Earnings $714. During September, the following transactions occurred. 1. Paid $2,958 cash for accounts payable due. 2. Collected $1,326 of accounts receivable. Purchased additional equipment for $2,142, paying $816 in cash and the balance on account. 3. 4. Performed services worth $7,446, of which $2,550 is collected in cash and the balance is due in October. 5. Paid a $408 cash dividend. 6. Paid salaries $1,734, rent for September $918, and advertising expense $204. 7. Incurred utilities expense for month on account $169. 8. Received $10,200 from Capital Bank on a 6-month note payable. Prepare a tabular analysis of the September transactions beginning with August 31 balances. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount that was reduced. Post entries in the order presented in the question.) Bal. 1. 2. Cash Accounts Receivable 9180 $ 1734 (2958) 2250 3. (816) 5. 6. 7. 8. (1326) 2250 5196 (408) (2856) 10200 Assets Supplies Equipment 612 $ 6120 2142 Notes Payable 10200 MONTY VETERINARY CLINIC Liabilities Accounts Payable Common Stock Revenues (2958) 1326 169 Stockholders' Equity Retained Earnings $714 Expenses 714 7446 (2856) (169) i 16842 5604 600 8262 10200 (1463) 8160 $ (3025) i eTextbook and Media MONTY VETERINARY CLINIC Income Statement $ Your answer is incorrect. Prepare a retained earnings statement for September. (List items that increase retained earnings first.) MONTY VETERINARY CLINIC Retained Earnings Statement -1C MONTY VETERINARY CLINIC Balance Sheet Assets Liabilities and Stockholders' Equity $ $ $