Problem 3-6 (Part Level Submission) On August 31, the balance sheet of Monty Veterinary Clinic showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Retained Earnings $950. During September, the following transactions occurred. 1. 2. 3. 4. Paid $2,700 cash for accounts payable due. Collected $2,250 of accounts receivable. Purchased additional equipment for $2,150, paying $800 in cash and the balance on account. Performed services worth $7,650, of which $1,750 is collected in cash and the balance is due in October. Declared and paid a $1,450 cash dividend. Paid salaries $2,400, rent for September $1,100, and advertising expense $100. Incurred utilities expense for month on account $200. Received $10,000 from Capital Bank on a 6-month note payable. 5. 6. 7. 8. Assets Accounts Receivable MONTY VETERINARY CLINIC Liabilities Notes Accounts Payable Payable Stockholders' Equity Retained Earnings Revenues Common Stock Cash Supplies Equipment Expenses Dividends Bal. $ $ $ $ $ $ $ $ $ $ 1. 2. 3. 4. 5. 6. 7. 8. $