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Landlubber Incorporated had the following balances at the beginning of September. LANDLUBBER INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 6 , 0

Landlubber Incorporated had the following balances at the beginning of September. LANDLUBBER INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $6,000 Accounts Receivable 2,000 Supplies 7,100 Land 10,700 Accounts Payable 7,000 Notes Payable 2,500 Common Stock 8,500 Retained Earnings 7,800 Totals $25,800 $25,800 The following transactions occur in September. September 1 Provide services to customers for cash, $4,200. September 2 Purchase land with a long-term note for $5,900 from Crimson Company. September 4 Receive an invoice for $450 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $5,500. September 10 Purchase supplies on account for $1,200. September 13 Pay $3,500 to Crimson Company for a long-term note. September 18 Receive $4,500 from customers on account. September 20 Pay $850 for September's rent. September 30 Pay September's utility bill of $1,750. September 30 Pay employees $3,500 for salaries for the month of September. September 30 Pay a cash dividend of $1,200 to shareholders.

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