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Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) [The following information applies to the questions
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) [The following information applies to the questions displayed below.] Boilermaker House 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. Exercise 2-20A Part 2 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. Beg. bal. End. bal. Beg. bal. End. bal. Cash Beg. bal. End. bal. Accounts Receivable Supplies Equipment Beg. bal. End. bal.
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