On August 31, the balance sheet of Whispering Winds Corp. showed Cash $10,000, Accounts Receivable $2,700, Supplies $ Equipment $6,000, Accounts Payable $4,600, Common Stock $13,950, and Retained Earnings $750. During September, the transactions occurred. 1. 2. 3. 5. 6. 7. 8. Paid $2,200 cash for accounts payable due. Collected $1,650 of accounts receivable. Purchased additional equipment for $2,150, paying $900 in cash and the balance on account. Recognized revenue of $8,000, of which $2,950 is collected in cash and the balance is due in October. Declared and paid a $1,050 cash dividend. Paid salaries $2,050, rent for September $1,150, and advertising expense $200. Incurred utilities expense for month on account $260. Received $12,000 from Capital Bank on a 6-month note payable.

On August 31 , the balance sheet of Whispering Winds Corp. showed Cash $10,000, Accounts Receivable $2,700, Supplies $ Equipment $6,000, Accounts Payable $4,600, Common Stock $13,950, and Retained Earnings $750. During September, the transactions occurred. 1. Paid $2,200 cash for accounts payable due. 2. Collected $1,650 of accounts receivable. 3. Purchased additional equipment for $2,150, paying $900 in cash and the balance on account. 4. Recognized revenue of $8,000, of which $2,950 is collected in cash and the balance is due in October. 5. Declared and paid a $1,050 cash dividend. 6. Paid salaries $2.050, rent for September $1,150, and advertising expense $200. 7. Incurred utilities expense for month on account $260. 8. Received $12,000 from Capital Bank on a 6-month note payable. Whispering Winds Corp. Retained Earnings Statement For the Month Ended September 30, 20XX Retained Earnings, September 1 Add $ Less Retained Earnings, September 30 eTextbook and Media List of Accounts On August 31 , the balance sheet of Whispering Winds Corp. showed Cash $10,000, Accounts Receivable $2,700, Supplies $ Equipment $6,000, Accounts Payable $4,600, Common Stock $13,950, and Retained Earnings $750. During September, the transactions occurred. 1. Paid $2,200 cash for accounts payable due. 2. Collected $1,650 of accounts receivable. 3. Purchased additional equipment for $2,150, paying $900 in cash and the balance on account. 4. Recognized revenue of $8,000, of which $2,950 is collected in cash and the balance is due in October. 5. Declared and paid a $1,050 cash dividend. 6. Paid salaries $2.050, rent for September $1,150, and advertising expense $200. 7. Incurred utilities expense for month on account $260. 8. Received $12,000 from Capital Bank on a 6-month note payable. Whispering Winds Corp. Retained Earnings Statement For the Month Ended September 30, 20XX Retained Earnings, September 1 Add $ Less Retained Earnings, September 30 eTextbook and Media List of Accounts