On August 31, the balance sheet of Swifty Veterinary Clinic showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Accounts Payable $5,600, Common Stock $14,800, and Retained Earnings $900. During September, the following transactions occurred.

1.		Paid $2,950 cash for accounts payable due.
2.		Collected $2,000 of accounts receivable.
3.		Purchased additional equipment for $1,550, paying $750 in cash and the balance on account.
4.		Performed services worth $8,800, of which $3,400 is collected in cash and the balance is due in October.
5.		Declared and paid a $2,000 cash dividend.
6.		Paid salaries $2,200, rent for September $1,150, and advertising expense $100.
7.		Incurred utilities expense for month on account $210.
8.		Received $13,000 from Capital Bank on a 6-month note payable.

Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity.)

SWIFTY VETERINARY CLINIC Balance Sheet

Cont:

Question 3 of 5 10.5 / 14 Assets $ $ Liabilities and Stockholders' Equity $ $ Liabilities and Stockholders' Equity $ $ $