rouLversu sson On August 31, the balance sheet of Blue Spruce Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600 Retained Eamings $600. During September, the following transactions occurred. Paid $2,150 cash for accounts payable due. 1 Collected $1,950 of accounts receivable. 2. Purchased additional equipment for $1,450, paying $700 in cash and the balance on account. Performed services worth $7,200, of which $2,050 is collected in cash and the balance is due in October 3 4 Declared and paid a $600 cash dividend. 5. Paid salaries $2,450, rent for September $1,200, and advertising expense $200. 6. 7 Incurred utilities expense for month on account $370. Received $13,500 from Capital Bank on a 6-month note payable. 8. Prepare an income statement for September. BLUE SPRUCE VETERINARY CLINIC Income Statement