Reference no: EM132635098

On August 31, 2017, the statement of financial position of Donahue Veterinary Clinic showed Cash £10,359, Accounts Receivable £3,759, Supplies £600, Equipment £6,000, Accounts Payable £5,659, Share Capital-Ordinary £14,100, and Retained Earnings £959. During September, the following transactions occurred.

1. Paid £3,036 cash for accounts payable due.

2. Collected £1,884 of accounts receivable.

3. Purchased additional equipment for £2,369, paying £702 in cash and the balance on account.

4. Recognized revenue of £7,549, of which £3,107 is collected in cash and the balance is due in October.

5. Declared and paid a £1,343 cash dividend

6. Paid salaries £1,905, rent for September £1,154, and advertising expense £123.

7. Incurred utilities expense for month on account £280.

8. Received £14,313 from Capital Bank on a 6-month note payable.

Question 1: Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis (15,000).)