Exercise 2-20 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $20.000 on account. 2. September 8 Purchase painting equipment for $21,000 cash. 3. September 12 Purchase office supplies on account for $3,500. 4. September 15 Pay employee salaries of $4,200 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash 6. September 22 Pay office rent of $5,400 for the current month. 7. September 26 Receive $15,000 from customers in (1) above. 8. September 30 Receive cash of $6,000 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, $46,100; Accounts Receivable, $1,700; Supplies, $500; Equipment, $7,400; Accounts Payable, $1,200; Common Stock, $25,000; Retained Earnings, $29,500. All other accounts had a beginning balance of zero. Accounts Receivable Cash 46,100 1,700 Beg. bal. (2) Beg. bal. End. bal. End. bal. Supplies Equipment Beg. bal. Beg. bal. End. bal. End. bal. Accounts Payable Deferred Revenue Beg. bal. Beg. bal. End. bal. End. bal. Common Stock Retained Earnings Beg. bal. Beg. bal. End. bal. End. bal. hal Service Revenue Salaries Expense Beg. bal. Beg. bal. End. bal. End. bal. Advertising Expense Rent Expense Beg. bal. Beg. bal. End. bal. End. bal