On August ?the balance sheet of Pina Colada Corp. showed Cash $ ?Accounts Receivable $ ?Supplies $ ?Equipment $ ?Accounts Payable $ ?Common Stock $ ?and Retained Earnings $ ?During September, the following transactions occurred.
Paid $ ?cash for accounts payable due.
Collected $ ?of accounts receivable.
Purchased additional equipment for $ ?paying $ ?in cash and the balance on account.
Recognized revenue of $ ?of which $ ?is collected in cash and the balance is due in October.
Declared and paid a $ ?cash dividend.
Paid salaries $ ?rent for September $ ?and advertising expense $
Incurred utilities expense for month on account $
Received $ ?from Capital Bank on a month note payable.
a
Prepare a tabular analysis of the September transactions beginning with August ?balances. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses ?in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration ?for example.
