Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8,200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September 1 Provide services to customers for cash, $3,900. September 2 Purchase land with a long-term note for $5,600 from Crimson Company September 4 Receive an invoice for $420 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $5,200. September 10 Purchase supplies on account for $1,200. September 13 Pay $3,200 to Crimson Company for a long-term note. September 18 Receive $4,200 from customers on account. September 20 Pay $820 for September's rent. September 30 Pay September's utility bill of $1,600. September 30 Pay employees $3,200 for salaries for the month of September. September 30 Pay a cash dividend of $1,200 to shareholders. Problem 2-8A Part 4 4. Prepare a trial balance as of September 30. PIRATES INCORPORATED Trial Balance September 30 Accounts Debit Credit Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Advertising Expense Utilities Expense Totals $ 0 $