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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 2.
! Required information [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September 2. September 3. September 12 Purchase office supplies on account for $3,500 4. September 15 Pay employee salaries of $4, 200 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 $5,400 for the current month. 7. September 26 Receive $15,000 from customers in (1) above. 8. September 30 Receive cash of $6,000 in advance from a customer who plans to have his house painted in 3 Paint houses in the current month for $20,000 on account. 8 Purchase painting equipment for $21,000 cash 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, $46,100; Accounts Receivable, $1,700; Supplies, $500; Equipment, $7,400; Accounts Payable, $1,200; Common Stock, $25,000; Retained Earnings, $29,500. All other accounts had a beginning balance of zero
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