On September 1, 2012, the following were the account balances of Worthington Equipment Repair.

During September, the following summary transactions were completed.Sept. 8 Paid $1,100 for salaries due employees, of which $400 is for September and $700 is for August salaries payable.10 Received $1,500 cash from customers in payment of account.12 Received $3,400 cash for services performed in September.15 Purchased store equipment on account $3,000.Sept. 17 Purchased supplies on account $2,000.20 Paid creditors $4,500 of accounts payable due.22 Paid September rent $520.25 Paid salaries $1,200.27 Performed services on account and billed customers for services provided $2,040.29 Received $650 from customers for services to be provided in the future.Adjustment data:1. Supplies on hand $1,100.2. Accrued salaries payable $400.3. Depreciation $200 per month.4. Unearned service revenue of $280 earned.Instructions(a) Enter the September 1 balances in the ledger T accounts.(b) Journalize the September transactions.(c) Post to the ledger T accounts. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense.(d) Prepare a trial balance at September 30.(e) Journalize and post adjusting entries.(f ) Prepare an adjusted trial balance.(g) Prepare an income statement and a retained earnings statement for September and a classified balance sheet at September 30.

Transcribed Image Text:

Debits Credits Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock $ 1,600 3,100 Cash Accounts Receivable $ 4,880 3,420 Supplies Equipment 800 400 15,000 700 10,000 8,300 Retained Earnings $24,100 $24,100