On August 31, the balance sheet of Pharoah Company showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,800, and Retained Earnings $900. During September, the following transactions occurred.

1. Paid $2,600 cash for accounts payable due.

2. Collected $1,850 of accounts receivable.

3. Purchased additional equipment for $2,350, paying $750 in cash and the balance on account.

4. Recognized revenue of $8,650, of which $1,900 is collected in cash and the balance is due in October.

5. Declared and paid a $1,700 cash dividend.

6. Paid salaries $1,700, rent for September $1,000, and advertising expense $150.

7. Incurred utilities expense for month on account $300.

8. Received $14,000 from Capital Bank on a 6-month note payable.

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.)

Assets Pharoah Company Stockholders' Equity Accounts Common Payable Stock Liabilities Notes Payable Accounts Receivable Retained Cash Supplies Equipment Earnings Revenues Expenses Dividends Bal $ $ 2 3. 5 Salaries and wages expe 6 Rent expense Advertising expense 8 $ 5 Prepare a retained earnings statement for September. (List items that increase retained earnings first.) Pharoah Company Retained Earnings Statement $ $ Prepare an income statement for September. Pharoah Company Income Statement $ $ $ Pharoah Company Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $