Prepare an income statements for september

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Reference no: EM131812280

On August 31,the balance sheet of La Brava Veterinary Clinic showed cash $9,000,Account receivable$1700,supplies $600,equipments $6000,account payable $3600,common stock $13,00 and retained earings $700. During september,the following transaction occur

1. paid $2900 cash for accounts payable

2. collected $1,300 of accounts receivable

3. purchased additional equipments for $2100,paying $800 in cash and the balance on account

4. recognized revenue of $7300 of which $1500 is collected in cash and balance due in october

5. declared and paid $400 cash dividend

6. paid salaries $1700 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 6 month note payable

a. Prepare a tabular analysis of september transactions begin with august 31 balances.column headings: cash,account receivable,supplies,equipments,account payable,common stock,retain earnings with separate column for revenues,expenses,dividends.Including margin explanation changes in retain earnings. Revenue is called Service Revenue

b. Prepare an income statements for september,a retained earnings statements for september,and a balance sheet at september 30.

Reference no: EM131812280

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