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On August 31, the balance sheet of Whispering Winds Veterinary Clinic showed Cash $10,620, Accounts Receivable $2,006,5 upplies $708, Equipment $7,080, Accounts Payable $4,248, Common

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On August 31, the balance sheet of Whispering Winds Veterinary Clinic showed Cash $10,620, Accounts Receivable $2,006,5 upplies $708, Equipment $7,080, Accounts Payable $4,248, Common Stock $15,340, and Retained Earnings $826. During September, the followingtransactions occurred. 1. Paid $3,422 cash for accounts payable due. 2. Collected $1,534 of accounts receivable. 3. Purchased additional equipment for $2,478, paying $944 in cash and the balance on account. 4. Performed services worth $8,614. of which $2,950 is collected in cash and the balance is due in October. 5. Paid a $472 cashdividend. 6. Paid salaries $2,006, rent for September $1,062, and advertising expense $236. 7. Incurred utilities expense for month on account $193. 8. Received 511.800 from Capital Bank ona 6 -month note payable. Assets 1. 2. 3. 4. 5. WHISPERING WINDS VETERINARY CLINIC Liabilities Stockholders' Equity

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