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On August 31, the balance sheet of Sunland Company showed Cash $ 11,000, Accounts Receivable $ 3,700, Supplies $ 600, Equipment $ 6,000, Accounts Payable

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On August 31, the balance sheet of Sunland Company showed Cash $ 11,000, Accounts Receivable $ 3,700, Supplies $ 600, Equipment $ 6,000, Accounts Payable $ 5,600, Common Stock $ 14,750, and Retained Earnings $ 950. During September, the following transactions occurred. 1. 2. 3. 4. Paid $ 2.700 cash for accounts payable due. Collected $ 2.250 of accounts receivable. Purchased additional equipment for $ 2,150, paying $ 800 in cash and the balance on account Recognized revenue of $ 7,650, of which $ 1.750 is collected in cash and the balance is due in October Declared and paid a $ 1.450 cash dividend. Pald salaries $2,400, rent for September $ 1,100, and advertising expense $ 100 Incurred utilities expense for month on account $ 200. Received $ 10,000 from Capital Bank on a 6-month note payable. 5. 6. 7. 8. Prepare an income statement for September Sunland Company Income Statement For the Month Ended September 30, 2022 Revenues $ Revenues $ . $

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