Exercise 2-20A 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 $16,000 on account.
2.		September		8		Purchase painting equipment for $17,000 cash.
3.		September		12		Purchase office supplies on account for $2,700.
4.		September		15		Pay employee salaries of $3,400 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 $4,600 for the current month.
7.		September		26		Receive $11,000 from customers in (1) above.
8.		September		30		Receive cash of $5,200 in advance from a customer who plans to have his house painted in the following month.

BOILERMAKER HOUSE PAINTING COMPANY
Trial Balance
Accounts	Debit	Credit
Cash	$11,300selected answer incorrect	not attempted
Accounts Receivable	6,200selected answer incorrect	not attempted
Supplies	2,900selected answer incorrect	not attempted
Equipment	22,400selected answer incorrect	not attempted
Accounts Payable	not attempted	3,600selected answer incorrect
Deferred Revenue	not attempted	5,000selected answer incorrect
Common Stock	not attempted	20,000selected answer incorrect
Retained Earnings	not attempted	8,000selected answer incorrect
Service Revenue	not attempted	15,000selected answer incorrect
Salaries Expense	3,200selected answer incorrect	not attempted
Advertising Expense	1,200selected answer incorrect	not attempted
Rent Expense	4,400selected answer incorrect	not attempted
Totals	$51,600	$51,600