Question

Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and M. Gonzalez, Capital $13,700. During September the following transactions occurred.
Paid $2,900 cash on accounts payable.
Collected $1,300 of accounts receivable.
Purchased additional office equipment for $2,100, paying $800 in cash and the balance on ac- count.
Earned revenue of $8,000, of which $2,500 is paid in cash and the balance is due in October.
Withdrew $1,000 cash for personal use.
Paid salaries $1,700, rent for September $900, and advertising expense $300.
Incurred utilities expense for month on account $170.
Received $10,000 from Capital Bank–money borrowed on a note payable.


Instructions:
Prepare a tabular analysis of the September transactions beginning with August 31 balances.
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Answer 1

Answer:

Sorry I need some points sorry