Ahoy Incorporated had the following balances at the beginning of September. AHOY INCORPORATED Accounts Cash Accounts Receivable Supplies Landi Accounts Payable Notes Payable Common Stock Retained Earnings Totals Trial Balance September 1 Debits Credits $5,200 1,200- 6,300 9,900 6,200 1,700 7,700 7,000 $22,600 $22,600 The following transactions occur in September. September 1 Provide services to customers for cash, $3,400. September 2 Purchase land with a long-term note for $5,100 from Crimson Company. September 4 Receive an invoice for $370 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $4,700. September 10 Purchase supplies on account for $1,200. September 18 Receive $3,700 from customers on account. September 13 Pay $2,700 to Crimson Company for a long-term note. September 20 Pay $770 for September's rent. September 30 Pay September's utility bill of $1,350. September 30 Pay employees $2,700 for salaries for the month of September. September 30 Pay a cash dividend of $1,100 to shareholders. Required: 1. Record each transaction. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at September 30. (Hint Be sure to include the balance at the beginning of September in each T-account.) 4. Prepare a trial balance as of September 30 Complete this question by entering your answers in the tabs below. < Prev 8 of 9 Next >