ost E2-20 Boilermaker House Painting Company ineurs the following transactions for po September 1. September Paint houses in the current month for $20,000 on account 2 September Purchase painting apment for $21.000 cash 3 September 12 Purchase the supplies on a count for $3.500 CHAPTER 2 The Accounting Cycle: During the Period 4. September 15 Pay employee salaries of $4,200 for the current month. 3. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent of $8.400 for the current month. 7 September 26 Receive $15,000 from customers in (1) above. 8. September 30 Receive cash of $6,000 in advance from a customer who plans to have his house painted in the following month Required 1. Record each transaction. Boilermaker uses the following secunts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Deferred Revenue Common Stock, Retained Earnings, Service Revenue, Salaries Expense. Advertising Expense, and Rent Expense. 2. Post each transaction to Tracerunts and compute the ending balance of each account. At the beginning of September the company had the following account balances Cash, S16,100; Accounts Receivable, $1.700, Supplies $300, Exquipment, $7,400, Accounts Payable, $1,200, Commen Stock, $25.000, Retained larnings, $29.500. All olur accounts had a beginning balane ofera 3. Aftercakulating the ending balance of each cunt, prepare a trial balance