Answer Happy

Question 23 of 58 View Policies Show Attempt History Current Attempt in Progress 1. 2. 3. 4. On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred. 5. 6. 7. 8. < (a) > Your answer is Paid $2,900 cash for accounts payable due. Collected $1,300 of accounts receivable. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account. Performed services worth $7,300, of which $2,500 is collected in cash and the balance is due in October. Paid a $400 cash dividend. Paid salaries $1,700, rent for September $900, and advertising expense $200. Incurred utilities expense for month on account $170. Received $10,000 from Capital Bank on a 6-month note payable. is partially correct. 0/0.01 ⠀
Bal. 1. 2. 3. 4. 5. 6. 7. 8. $ Cash 9000 -2900 1.300 -800 2500 -400 -2800 10000 15900 Accounts Receivable 1700 i -1300 i 4800 i i i i 5200 Supplies 600 i i i 600 $ Equipment 6000 i 2100 i i i 170 i 8100 Notes Payable i i 10000 10000
Question 23 of 58 Ⓒ $ < Accounts Payable 3600 -2900 1300 2170 > $ Common Stock i i 17630 $ Revenues i i i i i i i i Expenses 13700 i 7300 -400 -1700 -200 -900 -170 $ 0/0.01 Dividends i i i i ⠀
Question 23 of 58 Ⓡ $ < Common Stock > i i 17630 Revenues i i Expenses 13700 i i i 7300 -400 -1700 -200 -900 -170 Dividends i 0/0.01 E Service Revenue Paid Dividends Salaries and Wages Expense Advertising Expense Rent Expense Utilities Expense ⠀
Question 23 of 58 > Prepare an income statement for September. eTextbook and Media LA BRAVA VETERINARY CLINIC Income Statement 0/0.01 1
Question 23 of 58 < Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity.) LA BRAVA VETERINARY CLINIC Balance Sheet Assets $ Liabilities and Stockholders' Equity $ 0/0.01 E ⠀
Question 23 of 58 + (b2) Prepare a retained earnings statement for September. (List items that increase retained earnings first.) ✓: eTextbook and Media List of Accounts LA BRAVA VETERINARY CLINIC Retained Earnings Statement Save for Later $ 0/0.01 Attempts: 0 of 5 used Submit Answer 1
Question 23 of 58 < -Trutherland Medie > Liabilities and Stockholders' Equity $ $ $ 0/0.01 E #