On August 31, the balance sheet ofSunland Companyshowed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Accounts Payable $5,600, Common Stock $14,750, and Retained Earnings $950. During September, the following transactions occurred.

1.Paid $2,700cash for accounts payable due.

2.Collected $2,250of accounts receivable

.3.Purchased additional equipment for $2,150, paying $800in cash and the balance on account.

4.Recognized revenue of $7,650, of which $1,750is collected in cash and the balance is due in October.

5.Declared and paid a $1,450cash dividend

.6.Paid salaries $2,400, rent for September $1,100, and advertising expense $100.

7.Incurred utilities expense for month on account $200.

8.Received $10,000from Capital Bank on a 6-month note payable.

(a)

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. See Illustration 1-8 for example.)

Supplies

Cash+Accounts+ receivable+Equipment=Notes Payable+Accounts Payable+Common Stock+Retained Earnings+Revenues-Expenses-Dividends