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Red River Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,000 on account. 2. September

Red River Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,000 on account. 2. September 8 Purchase painting equipment for $18,000 cash. 3. September 12 Purchase office supplies on account for $2,900. 4. September 15 Pay employee salaries of $3,600 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 $4,800 for the current month. 7. September 26 Receive $12,000 from customers in (1) above. 8. September 30 Receive cash of $5,400 in advance from a customer who plans to have his house painted in the following month

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