The document details the financial transactions of Donahue Veterinary Clinic for September, starting with balances from August 31. It outlines cash payments, revenue collection, equipment purchase, salary, rent, and advertising expenses, as well as a cash dividend declaration. The task requires preparing a tabular analysis of these transactions to reflect changes in assets, liabilities, and stockholders' equity.

1. Problem 1-2A (Part Level Submission)
On August 31, the balance sheet of Donahue Veterinary Clinic
showed Cash $10,017, Accounts Receivable $3,417, Supplies
$600, Equipment $6,000, Accounts Payable $5,317, Common
Stock $13,962, and Retained Earnings $755. During September,
the following transactions occurred.
1.
Paid $2,747 cash for accounts payable due.
2.
Collected $1,407 of accounts receivable.
3.
Purchased additional equipment for $2,004, paying $818 in cash
and the balance on account.
4.
Earned revenue of $7,940, of which $2,680 is collected in cash
and the balance is due in October.
5.
Declared and paid a $1,115 cash dividend
6.
Paid salaries $2,507, rent for September $1,185, and advertising
expense $131.
7.
Incurred utilities expense for month on account $267.
8.
Received $12,192 from Capital Bank on a 6-month note
payable.

2. (a)
Prepare a tabular analysis of the September transactions
beginning with August 31 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 1-8 for example.)
DONAHUE VETERINARY CLINIC
Assets
Liabilities
Stockholders' Equity
Cash
+
Accounts
Receivable
+
Supplies
+
Equipment
=
Notes
Payable
+
Accounts
Payable
+
Common
Stock
+
Retained

3. Earnings
+
Revenues
–
Expenses
–
Dividends
Bal.
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