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1. September 3Paint houses in the current month for $13,000 on account.2. September 8Purchase painting equipment for $14,000 cash.3. September 12Purchase office supplies on account
1. September 3Paint houses in the current month for $13,000 on account.2. September 8Purchase painting equipment for $14,000 cash.3. September 12Purchase office supplies on account for $2,100.4. September 15Pay employee salaries of $2,800 for the current month.5. September 19Purchase advertising to appear in the current month for $1,100 cash.6. September 22Pay office rent of $4,000 for the current month.7. September 26Receive $8,000 from customers in (1) above.8. September 30Receive cash of $4,600 in advance from a customer who plans to have his house painted in the following month.
Required: 1. Record each transaction. 2. Post each transaction to T-accounts and calculate the ending balance for each account.At the beginning of September, the company had the following account balances: Cash, $39,100; Accounts Receivable, $1,000; Supplies, $360; Equipment, $6,000; Accounts Payable, $900; Common Stock, $18,000; Retained Earnings, $27,560. All other accounts had a beginning balance of zero. 3.Prepare a trial balance.
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