On August 31, the balance sheet ofConcordVeterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,800, and Retained Earnings $900 During September, the following transactions occurred Paid $2,600cash for accounts payable due Collected $1,850of accounts receivable Purchased additional equipment for $2,350, paying $750in cash and the balance on account Performed services worth $8,650, of which $1,900is collected in cash and the balance is due in October Declared and paid a $1,700cash dividend Paid salaries $1,700, rent for September $1,000, and advertising expense $150 Incurred utilities expense for month on account $300 8 Received $14,000from Capital Bank on a 6 month note payable (a) Some of the new entries may impact the last attempt grading Prepare a tabular analysis of the September transactions beginning with August 31 balances ( If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced )

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Posted on Jun 28, 2024

On August 31, the balance sheet ofConcordVeterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,800, and

On August 31, the balance sheet ofConcordVeterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,800, and Retained Earnings $900. During September, the following transactions occurred.

Paid $2,600cash for accounts payable due.
Collected $1,850of accounts receivable.
Purchased additional equipment for $2,350, paying $750in cash and the balance on account.
Performed services worth $8,650, of which $1,900is collected in cash and the balance is due in October.
Declared and paid a $1,700cash dividend.
Paid salaries $1,700, rent for September $1,000, and advertising expense $150.
Incurred utilities expense for month on account $300.8.Received $14,000from Capital Bank on a 6-month note payable.

(a) Some of the new entries may impact the last attempt grading.

Prepare a tabular analysis of the September transactions beginning with August 31 balances.( If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)