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1 2 2 3. On August 31, the balance sheet of Blue Spruce Veterinary Clinic shoved Cash $7,380, Accounts Receivable $1.394. Supplies S492 Equipment 54.920, Accounts Payable 52,952. Common Stock $10,660, and Retained Earnings 5574. During September, the following transactions occurred Paid $2.378 cash for accounts payable due Collected $1.066 of accounts receivable Purchased additional equipment for $1.722. paying $656 in cash and the balance on account Performed services worth $5.986, of which 52,050 is collected in cash and the balance is due in October. Paid a $328 cash dividend Paid salaries 51.394, rent for September 5738, and advertising expense 5164 incurred utilities expense for month on account $139. Received $8.200 from Capital Bank on a 6-month note payable 4 5 6. 7. 8 Your answer is partially correct Prepare a tabular analysis of the September transactions beginning with August 31 belances. Include mergin explanations for any changes in revenues or expenses. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset. Liability or Equity itern that was reduced. Post entries in the order presented in the question) Assets Cash Accounts Receivable Supplies Bal $ 7380 $ 1394 192 1. 1 -2378 2 1066 -1066 3 -656 4 2050 3936 5 -328 Equipment Notes Payable Accounts Payable $ 4920 $ $ 2952 1 -2378 1722 1066 139 8200 6642 ta 8200 ti 1779 Retained Earnings $574 Common Stock Revenues Expenses $ 10660 $ $ 5986 1394 738 164 -139 $ 10660 S 5986 -2435

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