Nordtown Corporation is a marketing firm. The corporations trial balance on August 31, 2014, follows:

Nordtown Corporation

Trial Balance

August 31, 2014

Cash (111)10,590

Accounts Receivable

(113)5,500Office Supplies

(116)610Office Equipment

(146)4,200Accounts Payable

(212)2,600Common Stock

(311)12,000Retained Earnings

(312)6,30020,90020,900

During the month of September, the company completed the following transactions:

Sept. 2 Paid rent for September, $650.

Sept. 3 Received cash from customers on account, $2,300.

Sept. 7 Ordered supplies, $380.

Sept. 10 Billed customers for services provided, $2,800.

Sept. 12 Made a payment on accounts payable, $1,300.

Sept. 14 Received the supplies ordered on September 7 and agreed to pay for them in 30 days, $380.

Sept. 17 Discovered some of the supplies were not as ordered and returned them for full credit, $80.

Sept. 19 Received cash from a customer for services provided, $4,800.

Sept. 24 Paid the utility bill for September, $250.

Sept. 26 Received a bill, to be paid in October, for advertisements placed in the local newspaper during the month of September to promote Nordtown Com-pany, $700.

Sept. 29 Billed a customer for services provided, $2,700.

Sept. 30 Paid salaries for September, $3,800.

Sept. 30 Declared and paid a dividend of $800.

REQUIRED 1. Open accounts in the ledger for the accounts in the trial balance plus the following accounts: Dividends (313); Marketing Fees (411); Salaries Expense (511); Utilities Expense (512); Rent Expense (514); and Advertising Expense (516).

2. Enter the August 31, 2014, account balances from the trial balance.

3. Enter the September transactions in the general journal (page 22).

4. Post the journal entries to the ledger accounts. Be sure to make the appropriate posting references in the journal and ledger as you post.

5. Prepare a trial balance as of September 30, 2014.

6. BUSINESS APPLICATION Examine the transactions for September 3, 10, 19, and 29. What were the revenues, and how much cash was received from the revenues? What business issues might you see arising from the differences in these numbers?