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 $ 4,600 Accounts Receivable 600 Supplies 5,700 Land 9,300 Accounts Payable $ 5,600 Notes Payable 1,100 Common Stock 7,100 Retained Earnings 6,400 Totals $ 20,200 $20,200 The following transactions occur in September. September 1 Provide services to customers for cash, $2,800. September 2 Purchase land with a long-term note for $4,500 from Crimson Company. September 4 Receive an invoice for $310 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $4,100. September 10 Purchase supplies on account for $1,200. September 13 Pay $2,100 to Crimson Company for a long-term note. September 18 Receive $3,100 from customers on account. September 20 Pay $710 for September's rent. September 30 Pay September's utility bill of $1,050. September 30 Pay employees $2,100 for salaries for the month of September. September 30 Pay a cash dividend of $1,100 to shareholders. Problem 2-8A Part 4 4. Prepare a trial balance as of September 30. Credit PIRATES INCORPORATED Trial Balance September 30 Accounts Debit Cash Accounts Receivable 4,700 Supplies 6.900 Land 13,800 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Advertising Expense Utilities Expense Totals $ 25,400 $ 0