Question
Perez opened a veterinary business in Nashville, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office
Perez opened a veterinary business in Nashville, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and Perez, Capital $13,700. During September the following transactions occurred. 1.Paid $2,900 cash on accounts payable. 2.Collected $1,300 of accounts receivable. 3.Purchased additional office equipment for $2,100, paying $800 in cash and the balance on account. 4.Earned revenue of $6,300 of which $2,500 is collected in cash and the balance is due in October. 5.Withdrew $600 in cash for personal use. 6.Paid salaries $1,700, rent for September $900, and advertising expenses $300. 7.Incurred utility expenses for month on account $170.
What are the ending balances at the end of September??
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