Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help me please! Black Spot incorporated had the following balances at the beginning of September. The following transactions occur in September. September 1 Provide services
Help me please!
Black Spot incorporated had the following balances at the beginning of September. The following transactions occur in September. September 1 Provide services po custoners for canh, $2,700. Septeaber 2 purehase land with a long-term note for $4,400 from crimson conpany. September 4 Receive an invoice for $300 fron the local newspaper for an advertisement that appeared on September 2 . september 8 Provide services to custoaers on account for $4,000. septenber 10 purchase aupplies on account for $1,100. September 13 pay $2,000 to Crieson Conpany for a long-term note. September 18 Receive $3,000 from custoners on account. September 20 Pay $700 for september's rent. september 30 Pay September's uti1ity bil1 of $1,000. September 30 Pay employees $2,000 for salaries for the month of septenber. September 30 Pay a cash dividend of $1,200 to shareholders. Required: 1. Record each transaction. 2. \& 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at September 30 . (Hint: Be sure to include the balance at the beginning of September in each T-account.) 4. Prepare a trial balance as of September 30 . Post each transaction to the appropriate T-accounts and calculate the balance of each account at September 30 . (Hint: Be sure to include the balance September in each T-account. Rent Expense BLACK SPOT INCORPORATED Trial Balance September 30 Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Provide services to customers on account for $4,000. Note: Enter debits before credits Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started