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. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 6,500 Accounts Receivable 2,500 Supplies 7,600 Land 11,200 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $27,800 $ 7,500 3,000 9,000 8,300 $27,800 The following transactions occur in September. September 1 Provide services to customers for cash, $4,700. September 2 Purchase land with a long-term note for $6,400 from Crimson Company. September 4 Receive an invoice for $500 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $6,000. September 10 Purchase supplies on account for $1,100. September 13 Pay $4,000 to Crimson Company for a long-term note. September 18 Receive $5,000 from customers on account. September 20 Pay $900 for September's rent. September 30 Pay September's utility bill of $2,000. September 30 Pay employees $4,000 for salaries for the month of September. September 30 Pay a cash dividend of $1,100 to shareholders. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Provide services to customers for cash, $4,700. Note: Enter debits before credits. Date General Journal Debit Credit September 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet Receive an invoice for $500 from the local newspaper for an advertisement that appeared on September 2. Note: Enter debits before credits. Date General Journal Debit Credit September 04 Record entry Clear entry View general journal View transaction list Journal entry worksheet Provide services to customers on account for $6,000. Note: Enter debits before credits. General Journal Debit Credit Date September 08 Record entry Clear entry View general journal Journal entry worksheet ..... Purchase supplies on account for $1,100. Note: Enter debits before credits. General Journal Debit Credit Date September 10 Record entry Clear entry View general journal Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Enti account field.) View transaction list Journal entry worksheet Receive $5,000 from customers on account. Note: Enter debits before credits. Date General Journal Debit Credit September 18 Record entry Clear entry View general journal Journal entry worksheet Pay $900 for September's rent. Note: Enter debits before credits. General Journal Debit Credit Date September 20 Record entry Clear entry View general journal Journal entry worksheet Pay employees $4,000 for salaries for the month of September. Note: Enter debits before credits. General Journal Debit Credit Date September 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet
