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View Policies Current Attempt in Progress On August 31, the balance sheet of Concord Veterinary Clinic showed Cash $11,520, Accounts Receivable $2,176, Supplies $768, Equipment
View Policies Current Attempt in Progress On August 31, the balance sheet of Concord Veterinary Clinic showed Cash $11,520, Accounts Receivable $2,176, Supplies $768, Equipment $7,680, Accounts Payable $4,608, Common Stock $16,640, and Retained Earnings $896. During September, the following transactions occurred. 1. Paid $3,712 cash for accounts payable due. Collected $1,664 of accounts receivable. 3. Purchased additional equipment for $2,688, paying $1,024 in cash and the balance on account. Performed services worth $9,344, of which $3,200 is collected in cash and the balance is due in October. Paid a $512 cash dividend. Paid salaries $2,176, rent for September $1,152, and advertising expense $256. Incurred utilities expense for month on account $208. Received $12,800 from Capital Bank on a 6-month note payable. BUS-317 Topic 02 Assignment Question 3 of 4 - /16 8 : Prepare a tabular analysis of the September transactions beginning with August 31 balances. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, s' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Post entries in the order presented in the question.) Stockholders' Equity Retained Earnings $896 Common Stock Revenues Expenses Dividends e Textbook and Media List of Accounts Assistance Used Save for Later Last saved 3 hours ago. Attempts: 0 of 5 used Submit Answer (b 1) (b2 Prepare a retained earnings statement for September. (List items that increase retained earnings first.) CONCORD VETERINARY CLINIC Retained Earnings Statement September 30, 2022 v : v : e Textbook and Media Assistance Used List of Accounts Save for Later Last saved 3 hours ago. Attempts: 0 of 5 used Submit Answer (b3) Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity.) CONCORD VETERINARY CLINIC Balance Sheet Assets Liabilities and Stockholders' Equity e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit
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