View Policies Current Attempt in Progress On August 31, the balance sheet of Tamarisk, Inc. showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $15,750, and Retained Earnings $950. During September, the following transactions occurred. T 23 4. Paid $3,750 cash for accounts payable due. Collected $1,350 of accounts receivable. Purchased additional equipment for $2,250, paying $800 in cash and the balance on account. Recognized revenue of $7,350, of which $2,600 is collected in cash and the balance is due in October Declared and paid a $450 cash dividend. Paid salaries $2,600, rent for September $1,050, and advertising expense $200 5. 6. 7 Incurred utilities expense for month on account $330. 8 Received $14,500 from Capital Bank on a 6-month note payable