prepare a balance sheet On August 31, the balance sheet of Monty Corp. showed Cash $10,000, Accounts Receivable $2,700, Supplies $600, Equipment $6,000, Accounts Payable $4,600, Common Stock $14,050, and Retained Earnings $650. During September, the following transactions occurred. 1. Paid $3,800 cash for accounts payable due. 2. Collected $1,650 of accounts receivable. 3. Purchased additional equipment for $2,200, paying $850 in cash and the balance on account. 4. Recognized revenue of $8,800, of which $3,400 is collected in cash and the balance is due in October. 5. Declared and paid a $1,000 cash dividend. 6. Paid salaries $2,600, rent for September $1,100, and advertising expense $100. 7. Incurred utilities expense for month on account $370. 8. Received