The trial balance for Safenet, Inc., at September 15, 2018, follows:

During the remainder of September, Safenet, Inc., completed the following transactions:

Sep 16 Collected $1,500 cash from a client on account.18 Provided services on account, $1,800.21 Received $1,050 cash for services provided.23 Purchased supplies on account, $150.25 Paid $1,000 in dividends.27 Paid $2,500 on account.29 Received $1,850 cash for services provided.30 Paid rent, $1,200.30 Paid employees? salaries, $2,100.

Requirements

1. Journalize the transactions that occurred September 16 to September 30 on page 6 of the journal.

2. Open the ledger accounts listed in the trial balance and list their beginning balances at September 15. Use the four-column account format illustrated in the chapter. Enter ?Bal? for the September 15 balance in the Item column. Post the transactions to the ledger using dates, account numbers, and posting references. Calculate the new account balances at September 30, 2018.

3. Prepare the trial balance for Safenet, Inc., at September 30, 2018.

Transcribed Image Text:

Safenet, Inc. Trial Balance September 15, 2018 ACCT # ACCOUNT CREDIT DEBIT $ 6,450 4,700 110 Cash 112 Accounts Receivable 115 Supplies Equipment Accounts Payable 450 140 18,500 $ 4,300 25,000 210 311 Common Stock 315 Dividends 2,000 7,100 411 Service Revenue Salaries Expense Rent Expense Total 3,100 1,200 $36,400 511 515 $36,400