Prepare an income statement for September. On August 31, the balance sheet of Do
ID: 2377057 • Letter: P
Question
Prepare an income statement for September.
1. Paid $2,623 cash for accounts payable due. 2. Collected $1,393 of accounts receivable. 3. Purchased additional office equipment for $2,056, paying $782 in cash and the balance on account. 4. Earned revenue of $8,199, of which $3,456 is collected in cash and the balance is due in October. 5. Declared and paid a $2,016 cash dividend 6. Paid salaries $2,359, rent for September $1,102, and advertising expense $148. 7. Incurred utilities expense for month on account $201. 8. Received $14,143 from Capital Bank on a 6-month note payable. On August 31, the balance sheet of Donahue Veterinary Clinic showed Cash $11,154, Accounts Receivable $4,554, Supplies $600, Equipment $6,000, Accounts Payable $6,454, Common Stock $14,920, and Retained Earnings $934. During September, the following transactions occurred. Prepare an income statement for September. Prepare a retained earnings statement for September. Prepare a balance sheet at September 30.