Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6)

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[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.

Exercise 2-20A Part 3

3. Prepare a trial balance.

BOILERMAKER HOUSE PAINTING COMPANY Trial Balance Accounts Debit Credit Cash $ 1,400 X Accounts Receivable 11,200 X Supplies 5,600 X Equipment 39,400 X Accounts Payable 6,300 X Deferred Revenue 10,200 X Common Stock 20,000 Retained Earnings 8,000 X Service Revenue 31,000 Salaries Expense 6,600 X Advertising Expense 2,300 X Rent Expense 9,000 X Totals $ 75,500 $ 75,500 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