acc362 on august 31 the balance sheet of donahue veterinary clinic showed cash 9 000 491793

On August 31, the balance sheet of Donahue 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 office equipment for $2,100, paying $800 in cash and the balance on account.

4. Earned revenue of $7,300, of which $2,500 is paid 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.

Instructions:

(a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. The column headings should be as follows: Cash 1 Accounts Receivable 1 Supplies 1 Equipment 5 Notes Payable 1 Accounts Payable 1 Common Stock 1 Retained Earnings 1 Revenues 2 Expenses 2 Dividends.

(b) Prepare an income statement for September, a retained earnings statement for September, and a balance sheet at September 30.