Question
On August 31, the statement of financial position of Donahue Veterinary Clinic showed Cash $9,598, Accounts Receivable $2,998, Supplies $600, Equipment $6,000, Accounts Payable $4,898,
On August 31, the statement of financial position of Donahue Veterinary Clinic showed Cash $9,598, Accounts Receivable $2,998, Supplies $600, Equipment $6,000, Accounts Payable $4,898, Share Capital -- Ordinary $13,308, and Retained Earnings $990. During September, the following transactions occurred.
1. Paid $3,563 cash for accounts payable due.
2. Collected $1,840 of accounts receivable.
3. Purchased additional equipment for $2,121, paying $776 in cash and the balance on account.
4. Earned revenue of $7,854, of which $2,761 is collected in cash and the balance is due in October.
5. Declared and paid a $982 cash dividend
6. Paid salaries $1,900, rent for September $1,004, and advertising expense $188.
7. Incurred utilities expense for month on account $291.
8. Received $12,945 from Capital Bank on a 6-month note payable.
Prepare a tabular analysis of the September transactions beginning with August 31 balances.
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