Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (GL) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $12,500 on account. 2. September 8 Purchase painting equipment for $13,500 cash. 3. September 12 Purchase office supplies on account for $2,000. 4. September 15 Pay employee salaries of $2,700 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,200 cash. 6. September 22 Pay office rent of $3,900 for the current month. 7. September 26 Receive $7,500 from customers in (1) above. 8. September 30 Receive cash of $4,500 in advance from a customer who plans to have his house painted in the following month. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 8). Review the "General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Paint houses in the current month for $12,500 on account. Note: Enter debits before credits. Account Title Debit Credit Date September 03 Record entry Clear entry View general Journal Requirement General Journal General Ledger Trial Balance Each journal entry is posted automatically to the general ledger. General Ledger Account Cash Accounts Receivable Debit Credit No. Debit Credit No. Date September 01 Balance 38,600 Date September 01 Balance 950 Equipment Supplies Debit No. Date Credit No. Date Debit Credit Balance Balance 350 September 01 September 01 5,900 Accounts Payable Debit Credit Common Stock Debit Credit No. No. Date September 01 Balance 850 Date September 01 Balance 17,500 Retained Earnings Debit Credit No. Balance Date September 01 27,450