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help ates Inc. had the following balances at the beginning of September: PIRATES INCORPORATED Account Balances September 1 Accounts Cash Accounts receivable Supplies Land Accounts
help ates Inc. had the following balances at the beginning of September: PIRATES INCORPORATED Account Balances September 1 Accounts Cash Accounts receivable Supplies Land Accounts payable Notes payable Common stock Retained earnings Debits Credits $ 6,500 2,500 7,600 11,200 7,500 3,000 9,000 8,300 $ 27.800 27,800 the transactions below occurred during September Sept. 1 Sept. 2 Sept. 4 Sept. 8 Sept. 10 Sept. 13 Sept. 18 Sept. 20 Sept. 30 Sept. 30 Sept. 30 Transactions for September: Provide services for cash $ 4.700 Purchase land with long-term note $ 6,400 Receive invoice for newspaper advertising $ 500 Provide services on account $ 6,000 Purchase supplies on account $ 1.100 Pay cash on long-term note $ 4,000 Receive cash for accounts receivable $ 5,000 Pay cash for September rent 900 Pay September utility bill 2,000 Pay employee salaries 4,000 Pays cash dividends to shareholders 1.100 non on Required: 1.) Record each transaction Pirates Incorporated Transactions Date Sep. 1 Account Title Cash Service Revenue Debit 4,700 Credit 4,700 Sep. 2 Pirates Incorporated Transactions Credit Date Sep. 1 Account Title Cash Service Revenue Debit 4,700 4,700 Sep. 2 Sep. 4 Sep. 8 Sep. 10 Sep. 13 5 7 8 Sep. 18 "0 11 12 Sep. 20 Sep 30 74 75 76 27 28 79 30 09 02 Sep. 30 54 55 Sep. 30 + P2-BA B H G 2.) Post each transaction to a T-account and calculate the balance of each account at Sept. 30 Pirates Incorporated T-Accounts Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable . 5 5 7 B 09 50 11 12 13 Common Stock Retained Earnings Dividends 715 116 117 118 119 120 121 122 123 124 125 126 127 Service Revenue Salaries Expense Rent Expense 128 Advertising Expense Utilities Expense 129 130 131 132 133 134 135
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