On August 31, the balance sheet of Sandhill Veterinary Clinic showed Cash $12,000, Accounts Receivable...
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Accounting
On August the balance sheet of Sandhill Veterinary Clinic showed Cash $ Accounts Receivable $ Supplies $ Equipment $ Accounts Payable $ Common Stock $ and Retained Earnings $ During September, the following transactions occurred. Paid $ cash for accounts payable due. Collected $ of accounts receivable. Purchased additional equipment for $ paying $ in cash and the balance on account. Recognized revenue of $ of which $ is collected in cash and the balance is due in October. Declared and paid a $ cash dividend. Paid salaries $ rent for September $ and advertising expense $ Incurred utilities expense for month on account $ Received $ from Capital Bank on a month note payable. a Your answer is partially correct. Prepare a tabular analysis of the September transactions beginning with August balances. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
On August the balance sheet of Sandhill Veterinary Clinic showed Cash $ Accounts Receivable $ Supplies $ Equipment $ Accounts Payable $ Common Stock $ and Retained Earnings $ During September, the following transactions occurred.
Paid $ cash for accounts payable due.
Collected $ of accounts receivable.
Purchased additional equipment for $ paying $ in cash and the balance on account.
Recognized revenue of $ of which $ is collected in cash and the balance is due in October.
Declared and paid a $ cash dividend.
Paid salaries $ rent for September $ and advertising expense $
Incurred utilities expense for month on account $
Received $ from Capital Bank on a month note payable.
a
Your answer is partially correct.
Prepare a tabular analysis of the September transactions beginning with August balances. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
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