Question
On September 1, Percy Equipment Repair had the beginning account balances presented in the attached T-accounts (Excel Template). During the month of September, the following
On September 1, Percy Equipment Repair had the beginning account balances presented in the attached T-accounts (Excel Template). During the month of September, the following transactions were completed:6
Sept. 8 Paid $1,400 for salaries due employees, of which $900 is for September.
10 Received $1,200 cash from customers on account.
12 Received $3,400 cash for services performed in September.
15 Purchased store equipment on account $3,000.
17 Purchased supplies on account $1,200.
20 Paid creditors $4,500 on account.
22 Paid September rent $500.
25 Paid salaries $1,250.
27 Performed services on account and billed customers $2,100 for these services.
29 Received $650 from customers for future services.
At the end of the month the following adjustment were determined:
Supplies on hand $1,300.
Accrued salaries payable $300.
Depreciation is $100 per month.
Services related to unearned service revenue of $1,450 were performed.
ONLY PREPARE A TRIAL BALANCE AND T ACCOUNT PLEASE. NO DEFINITIONS ONLY ANSWER
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