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Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Cash Debits Credits $ 5,400 Accounts
Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Cash Debits Credits $ 5,400 Accounts Receivable 1,400 Supplies 6,500 Land 10,100 Accounts Payable $ 6,400 Notes Payable 1,900 Common Stock 7,900 Retained Earnings 7,200 Totals $23,400 $23,400 The following transactions occur in September. September 1 Provide services to customers for cash, $3,600. September 2 Purchase land with a long-term note for $5,300 from Crimson Company. September 4 Receive an invoice for $390 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $4,900. September 10 Purchase supplies on account for $1,200. September 13 Pay $2,900 to Crimson Company for a long-term note. September 18 Receive $3,900 from customers on account. September 20 Pay $790 for September's rent. September 30 Pay September's utility bill of $1,450. September 30 Pay employees $2,900 for salaries for the month of September. September 30 Pay a cash dividend of $1,200 to shareholders.. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-11). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.
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