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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.September3Paint houses in the current month for $13,000 on account.2.September8Purchase painting equipment for $14,000 cash.3.September12Purchase office supplies on account for $2,100.4.September15Pay employee salaries of $2,800 for the current month.5.September19Purchase advertising to appear in the current month for $1,100 cash.6.September22Pay office rent of $4,000 for the current month.7.September26Receive $8,000 from customers in (1) above.8.September30Receive cash of $4,600 in advance from a customer who plans to have his house painted in the following month.

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, $39,100; Accounts Receivable, $1,000; Supplies, $360; Equipment, $6,000; Accounts Payable, $900; Common Stock, $18,000; Retained Earnings, $27,560. All other accounts had a beginning balance of zero.