Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pirates Incorporated had the following balances at the beginning of September 10 points PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,000
Pirates Incorporated had the following balances at the beginning of September 10 points PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,000 Accounts Receivable 1,000 Supplies 6,100 Land 9,700 Accounts Payable $ 6,000 Notes Payable 1, see Common Stock 7,500 Retained Earnings 6,800 Totals $21,800 $21,800 eBook Ask The following transactions occur in September Print References September 1 Provide services to customers for cash, $3,200. September 2 Purchase land with a long-term note for $4,900 from Crimson Company September 4 Receive an invoice for $350 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $4,500. September 10 Purchase supplies on account for $1,890. September 13 Pay $2,500 to Crimson Company for a long-term note. September 18 Receive $3,500 from customers on account. September 20 Pay $750 for September's rent September 30 Pay September's utility bill of $1,250. September 30 Pay employees $2,500 for salaries for the month of September September 30 Pay a cash dividend of $1,000 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. Regulament General Journal >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started