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! Required information [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September
! Required information [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 $12,000 on account. 2. September 8 Purchase painting equipment for $13,000 cash. 3. September 12 Purchase office supplies on account for $1,900. 4. September 15 Pay employee salaries of $2,600 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent of $3,800 for the current month. 7. September 26 Receive $7,000 from customers in (1) above. 8. September 30 Receive cash of $4,400 in advance from a customer who plans to have his house painted in the following month. 2. 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, $38,100; Accounts Receivable, $900; Supplies, $340; Equipment, $5,800; Accounts Payable, $800; Common Stock, $17,000; Retained Earnings, $27,340. All other accounts had a beginning balance of zero.
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