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On August 31, the balance sheet of Pronghorn Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600. Common Stock

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On August 31, the balance sheet of Pronghorn Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600. Common Stock $15,750, and Retained Earnings $950. During September, the following transactions occurred. 1. 2. 3 4 5 6. 7 Paid $3,750 cash for accounts payable due Collected $1.350 of accounts receivable. Purchased additional equipment for $2,250, paying $800 in cash and the balance on account. Performed services worth $7,350, of which $2,600 is collected in cash and the balance is due in October Declared and paid a $450 cash dividend, Pald salaries $2,600, rent for September $1,050, and advertising expense $200, Incurred utilities expense for month on account $330, Received $14,500 from Capital Bank on a 6-month note payable. Prepare an income statement for September PRONGHORN VETERINARY CLINIC Income Statement $

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