Problem 2-8A (Algo) Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6)

Ahoy Incorporated had the following balances at the beginning of September.

AHOY INCORPORATED
Trial Balance
September 1
Accounts	Debits	Credits
Cash	$6,100
Accounts Receivable	2,100
Supplies	7,200
Land	10,800
Accounts Payable		7,100
Notes Payable		2,600
Common Stock		8,600
Retained Earnings		7,900
Totals	$26,200	$26,200

The following transactions occur in September.

September 1	Provide services to customers for cash, $4,300.
September 2	Purchase land with a long-term note for $6,000 from Crimson Company.
September 4	Receive an invoice for $460 from the local newspaper for an advertisement that appeared on September 2.
September 8	Provide services to customers on account for $5,600.
September 10	Purchase supplies on account for $1,000.
September 13	Pay $3,600 to Crimson Company for a long-term note.
September 18	Receive $4,600 from customers on account.
September 20	Pay $860 for September's rent.
September 30	Pay September's utility bill of $1,800.
September 30	Pay employees $3,600 for salaries for the month of September.
September 30	Pay a cash dividend of $1,000 to shareholders.

Required: 1. Record each transaction. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at September 30. (Hint: Be sure to include the balance at the beginning of September in each T-account.) 4. Prepare a trial balance as of September 30.