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Ramona Castro opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $11,739, Accounts Receivable $4,439, Supplies

Ramona Castro opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $11,739, Accounts Receivable $4,439, Supplies $600, Equipment $6,000, Accounts Payable $6,339, and Owners Capital $16,439. During September, the following transactions occurred.

1.

Paid $3,291 cash on accounts payable.

2.

Collected $1,700 of accounts receivable.

3.

Purchased additional office equipment for $1,507, paying $839 in cash and the balance on account.

4.

Earned revenue of $7,467, of which $2,199 is received in cash and the balance is due in October.

5.

Withdrew $1,735 cash for personal use.

6.

Paid salaries $1,748, rent for September $1,076, and advertising expense $271.

7.

Incurred utilities expense for month on account $249.

8. Received $13,413 from Capital Bank (money borrowed on a note payable).

Prepare a tabular analysis of the September transactions beginning with August 31 balances : Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Owner

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