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Greenstream Painting Company incurs the following transactions for September. 1 . September 3 Paint houses in the current month for $ 1 6 , 0

Greenstream 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.
Required:
1. Record each transaction.
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, $42,100; Accounts Receivable, $1,300; Supplies, $420; Equipment, $6,600; Accounts Payable, $1,000; Common Stock, $21,000; Retained Earnings, $28,420. All other accounts had a beginning balance of zero.
3. Prepare a trial balance.

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