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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 $14,500 on account. 2. September 8 Purchase painting equipment for $15,500 cash. 3. September 12 Purchase office supplies on account for $2,400. 4. September 15 Pay employee salaries of $3,100 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,100 cash. 6. September 22 Pay office rent of $4,300 for the current month. 7. September 26 Receive $9,500 from customers in (1) above. 8. September 30 Receive cash of $4,900 in advance from a customer who plans to have his house painted in the following month. Exercise 2-20A Part 3 3. Prepare a trial balance. Answer is not complete. BOILERMAKER HOUSE PAINTING COMPANY Trial Balance Accounts Debit Credit Cash $ 9,600 Accounts Receivable 5,000 x Supplies 2,400x Equipment 15,500x Accounts Payable Deferred Revenue 2,400 x 4,900 Common Stock Retained Earnings Service Revenue Salaries Expense Advertising Expense Rent Expense Totals 14,500 3,100 1,100 4,300 $ 31,400 $ 31,400
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