Homework 6 p1-2a | Accounting homework help

P1-2A  On August 31, the statement of financial position of Nashville Veterinary Clinic showed Cash $9,000 Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000,Accounts payable $3,600, Share capital $13,000, and Retained Earnings $700. During September the following transactions occurred.


1.    Paid $2,900 cash for accounts payable due.

2.    Collected $1,300 of accounts receivable.

3.    Purchased additional office equipment for $2,100, paying $800 in cash and the balance on account.

4.    Earned revenue of $8,000, of which $2,500 is paid in cash and the balance is due in October.

5.    Declared and paid a $1,000 cash dividend.

6.    Paid salaries $1,700 rent for September $900 and advertising expense $300.

7.    Incurred utilities expense for month on account $170.

8.    Received $10,000 form Capital Bank on a o-month note payable.

(a) Prepare a tabular analysis of the September transactions beginning with August balances. The column headings should be as follows :Cash + Accounts Receivable + Supplies + Office Equipment = Notes Payable +Accounts Payable + Share Capital-Ordinary +Retained Earnings + Revenues – Expenses – Dividends.

(b) Prepare an income statement for September, a retained earnings statement for September, and a statement of financial position at September 30.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.