On august 31, the balance sheet of la brava veterinary clinic showed
On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred.
| 1. | Paid $2,900 cash for accounts payable due. | |
| 2. | Collected $1,300 of accounts receivable. | |
| 3. | Purchased additional equipment for $2,100, paying $800 in cash and the balance on account. | |
| 4. | Recognized revenue of $7,300, of which $2,500 is collected in cash and the balance is due in October. | |
| 5. | Declared and paid a $400 cash dividend. | |
| 6. | Paid salaries $1,700, rent for September $900, and advertising expense $200. | |
| 7. | Incurred utilities expense for month on account $170. | |
| 8. | Received $10,000 from Capital Bank on a 6-month note payable. |
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