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Need help filling in the blanks of these tables! the blanks under begining balances are drop down tabs with numbers 1-8. Not all blanks need
Need help filling in the blanks of these tables!
the blanks under begining balances are drop down tabs with numbers 1-8. Not all blanks need to be filled
\begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Supplies } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \\ \cline { 2 - 4 } & & \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Accounts Payable } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & & \\ \hline \end{tabular} Post each transaction to T-accounts and calculate the ending balance for each account. At the beginning of September, the company had the f Cash, \$37,600; Accounts Receivable, \$850; Supplies, \$330; Equipment, \$5,700; Accounts Payable, \$750; Common Stock, \$16,500; Retained other accounts had a beginning balance of zero. Red River Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $11,500 on account. 2. September 8 Purchase painting equipment for $12,500 cash. 3. September 12 Purchase office supplies on account for $1,800. 4. September 15 Pay employee salaries of $2,500 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 $3,700 for the current month. 7. September 26 Receive $6,500 from customers in (1) above. 8. September 30 Receive cash of $4,300 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, $37,600; Accounts Receivable, $850; Supplies, $330; Equipment, $5,700; Accounts Payable, $750; Common Stock, $16,500; Retained Earnings, $27,230. All other accounts had a beginning balance of zero. 3. Prepare a trial balance. Complete this question by entering your answers in the tabs belowStep by Step Solution
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