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On August 31, the balance sheet of Windsor, Inc showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Accounts Payable $5,600, Common Stock $14,850,
On August 31, the balance sheet of Windsor, Inc showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Accounts Payable \$5,600, Common Stock \$14,850, and Retained Earnings $850. During September, the following transactions occurred, 1. Paid $2,350 cash for accounts payable due. 2. Collected $2,000 of accounts receivable. 3. Purchased additional equipment for $3,050, paying $900 in cash and the balance on account. 4. Recognized revenve of $8,100, of which $3,500 is collected in cash and the balance is due in October. 5. Declared and paid a $1,400 cash dividend. 6. Paid salaries $2,300, rent for September $1,100, and advertising expense $100. 7. Incurred utilities expense for month on account $330. 8. Received $14.500 from Capital Bank on a 6-month note payable. (a) Prepare a fabular analysis of the September transactions beginning with Ausust 31 balances, If o transoction causes a decrease in Assets, Uabilities or Stockholders' Equily, place a negative sion (or parentheses) in front of the amount entered for the particular Asset. Lability or Equity item that was reduced See Illustration 1-8 for example)
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