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Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $19,000 on account. 2.
Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $19,000 on account. 2. September 8 Purchase painting equipment for $20,000 cash. 3. September 12 Purchase office supplies on account for $3,300. 4. September 15 Pay employee salaries of $4,000 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,100 cash. 6. September 22 Pay office rent of $5,200 for the current month. 7. September 26 Receive $14,000 from customers in (1) above. 8. September 30 Receive cash of $5,800 in advance from a customer who plans to have his house painted in the following month. 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, $45,100; Accounts Receivable, $1,600; Supplies, $480; Equipment, $7,200; Accounts Payable, $1,000; Common Stock, $24,000; Retained Earnings, $29,380. All other accounts had a beginning balance of zero.
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