Ramona Castro opened a veterinary business in Nashville, Tennessee, on August 1. OnAugust 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600,Equipment $6,000, Accounts Payable $3,600, and Owner’s Capital $13,700. During September,the following transactions occurred.1. Paid $2,900 cash on accounts payable.2. Collected $1,300 of accounts receivable.3. Purchased additional offi ce equipment for $2,100, paying $800 in cash and the balance onaccount.4. Earned revenue of $7,800, of which $2,500 is received in cash and the balance is due in October.5. Withdrew $1,100 cash for personal use.6. Paid salaries $1,700, rent for September $900, and advertising expense $450.7. Incurred utilities expense for month on account $170.8. Received $10,000 from Capital Bank (money borrowed on a note payable).