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Red River Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $15,500 on account. 2.
Red River Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $15,500 on account. 2. September 8 Purchase painting equipment for $16,500 cash. 3. September 12 Purchase office supplies on account for $2,600. 4. September 15 Pay employee salaries of $3,300 for the current month.. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent of $4,500 for the current month. 7. September 26 Receive $10,500 from customers in (1) above.. 8. September 30 Receive cash of $5,100 in advance from a customer who plans to have his house painted in the following month.. Required: 1. Record each transaction. 2. Post each transaction to T-accounts and calculate the ending balance for each account. At the beginning of September, the company had the following account balances: Cash, $41,600; Accounts Receivable, $1,250; Supplies, $410; Equipment, $6,500, Accounts Payable, $1,200, Common Stock, $20,500, Retained Earnings, $28,060. All other accounts had a beginning balance of zero. 3. Prepare a trial balance. Complete this question by entering your answers in the tabs below. General Journal T Accounts Trial Balance Post each transaction to T-accounts and calculate the ending balance for each account. At the beginning of September, the company had the following account i Cash, $41,600; Accounts Receivable, $1,250; Supplies, $410; Equipment, $6,500; Accounts Payable, $1,200; Common Stock, $20,500; Retained Earnings, $21 other accounts had a beginning balance of zero. Beginning Balance Cash Accounts Receivable Beginning Balance Sho
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