Instructions Findlay Testing Inc. provides water testing and maintenance services for owners of hot tubs and swimming pools. During September the following transactions occurred: September Transactions: Sept. 1 2 5 Issued common stock for $20,000. Purchased chemical supplies for $1.880 cash. Paid office rent for October, November, and December, the rent is $800 per month. Purchased $1.290 of advertising for September on account. Billed the city of Bellefontaine $2,100 for testing the water in the city's outdoor pools during September. Received $8,250 from Alexander Blanchard upon completion of overhaul of his swimming pool water circulation system. Since the job was completed and collected for on the same day, no bill was sent to Blanchard. Received S835 from the city of Bellefontaine for water testing that was previously billed. Paid $3,970 to hourly employees for work performed in September 18 25 30 Required: 1. Prepare a journal entry for each transaction. 2. Post the journal entries to the appropriate T-accounts. Chart Of Accounts General Ledger REVENUE 411 Sales Revenue 412 Service Revenue 413 Interest Income ASSETS 111 Cash 121 Accounts Receivable 122 Notes Receivable 123 Supplies 124 Prepaid Insurance 125 Prepaid Rent 128 Inventory 131 Land 132 Buildings 133 Equipment 134 Furniture 135 Trucks 139 Accumulated Depreciation EXPENSES 511 Cost of Goods Sold 512 Advertising Expense 513 Supplies Expense 514 Utilities Expense 515 Rent Expense 516 Insurance Expense 517 Repairs and Maintenance Expense 521 Wages Expense 531 Interest Expense 532 Depreciation Expense 533 Income Taxes Expense LIABILITIES 211 Accounts Payable 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Utilities Payable 216 Insurance Payable 217 Interest Payable 218 Rent Payable 219 Unearned Service Revenue 231 Bonds Payable EQUITY 311 Common Stock 321 Retained Earnings 331 Dividends General Journal 1. Prepare a journal entry of the transactions on September. General Journal Instructions PAGE 1 IMPACT ON FINANCIAL STATEMENTS GENERAL JOURNAL BALANCE SHEET INCOME STATEMENT ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME T-Accounts 2. Post the journal entries to the appropriate accounts T-Accounts instructions Cash Accounts Receivable Supplies Prepaid Rent End. Bal Accounts Payable End. Bo Common Stock Service Revenue Wages Expe End Bal Advertising Expense