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Red River Painting Company incurs the following transactions for September. Record each transaction. ( If no entry is required for a particular transaction / event
Red River Painting Company incurs the following transactions for September. Record each transaction. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account
field. Post each transaction to Taccounts and calculate the ending balance for each account. At the beginning of September, the company had the following account balances:
Cash, $; Accounts Receivable, $; Supplies, $; Equipment, $; Accounts Payable, $; Common Stock, $; Retained Earnings, $ All
other accounts had a beginning balance of zero. Complete this question by entering your answers in the tabs below.
Prepare a trial balance.
September Paint houses in the current month for $ on account.
September Purchase painting equipment for $ cash.
September Purchase office supplies on account for $
September Pay employee salaries of $ for the current month.
September Purchase advertising to appear in the current month for $ cash.
September Pay office rent of $ for the current month.
September Receive $ from customers in above.
September Receive cash of $ in advance from a customer who plans to have his house painted in the following month.
Required:
Record each transaction.
Post each transaction to Taccounts and calculate the ending balance for each account. At the beginning of September, the
company had the following account balances: Cash, $; Accounts Receivable, $; Supplies, $; Equipment, $;
Accounts Payable, $; Common Stock, $; Retained Earnings, $ All other accounts had a beginning balance of zero.
Prepare a trial balance.
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