Assume you are interviewing for a part$-$time accounting job at Soda Pion $2022.$

Sept. $1$ Received $$200,000$ for capital stock issued.

$2$ Paid $$23,000$ cash to employees for wages earned in September $2022.$

$4$ Purchased $$75,000$ of equipment on account.

$5$ Paid utilities of $$1,800$ for September $2022.$

$9$ Paid $$1,500$ cash for September's insurance premium.

$11$ Provided services for $$70,000,$ with $$20,000$ received in cash and the remaining balance on

credit.

$15$ Purchased $$5,000$ of supplies on account.

$21$ Received $$25,000$ from customers as payments on their accounts.

$25$ Paid $$77,500$ of accounts payable.

Using this list, you have been asked to do the following in the interview:

Required:

Journalize each of the transactions for September. $($Omit explanations.$)$

Set up T$-$accounts, and post each of the journal entries made in $(1).$

Interpretive Question: If the business owners wanted to know at any given time how much cash

the company had, where would you tell the owners to look? Why?