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 account.
- Earned revenue of $8,000 of which $2,500 is collected in cash and the balance is due in October.
- Withdrew $1,000 in cash for personal use.
- Paid salaries $1,700, rent for September $900, and advertising expenses $300.
- Incurred utility expenses for month on account $170.
- Received $10,000 from Capital Money Bank - money borrowed on a note payable.
Instructions
(a) Complete the table below. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45). For item 6. list amounts from largest to smallest eg 10, 5, 3, 2. If answer is zero, please enter 0. All blanks must be filled in. Note: Drawings and Expenses always decrease the account.)