Q1. Joe Tiede open Tiede Company, a veterinary business in Neosho, Wisconsin, on August 1, 2102. On August 31, the balance sheet showed:  Cash $9,000  Account Receivable $ 1,700  Suppl
Q1. Joe Tiede open Tiede Company, a veterinary business in Neosho, Wisconsin, on August 1, 2102. On August 31, the balance sheet showed:
 Cash $9,000
 Account Receivable $ 1,700
 Supplies $600
 Equipment $5,000
 Account Payable $3,600
 Common Stock $ 12,000
 Retained Earnings $700
During September, the following transactions occurred.
Sept 2 Paid $3,400 cash for accounts payable due
5 Received $1,200 from customers in payment of accounts receivable.
8 Purchased additional office equipment for $5,100, paying $1,000 in cash and the balance on
13 Earned revenue of $10,000, of which $2,300 is paid in cash and the balance is due in October.
17 Paid a $600 cash dividend.
22 Paid salaries $900, rent for September $1,100, and advertising expense $250.
26 Incurred utility expenses for the month on account $220.
30 Received $5,000 from Hilldale Bank on a 6-month note payable.
(a) Prepare a tabular analysis of the September transactions beginning with August 31 balance. The column heading be : Cash + Accounts Receivable + Supplies + Equipment = Note Payable + Accounts Payable + Common Stock + Common Stock + Retained Earnings + Revenues – Expenses – Dividends. Include margin explanations from any change in Retained Earnings.
(b) Prepare an income statement for September, a retained earnings statement for September, and a classified balance sheet at September 30, 2012.
(c) Please use the format as the discussion in class to classify each transaction.