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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 3 Paint

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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 3 Paint houses in the current month for $19,808 on account. 2. September 8 Purchase painting equipment for $20,000 cash. 3. September 12 Purchase office supplies on account for $3,300. 4. September 15 Pay employee salaries of $4,000 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,100 cash. 6. September 22 Pay office rent of $5,200 for the current month. 7. September 26 Receive $14,000 from customers in (1) above. 8. September 30 Receive cash of $5,800 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, $45,100; Accounts Receivable, $1,600; Supplies, $480; Equipment, $7.200; Accounts Payable, $1,000; Common Stock, $24,000; Retained Earnings $29,380. All other accounts had a beginning balance of zero. Cash 45.100 Accounts Receivable 1,000 Bog bal Begal End. bal End, bal Supplies 480 Equipment 7,200 Bogbal Bog, bal Supplies 480 Equipment 7,200 Beg, bal Beg. bal. End, bal End, bal Accounts Payable Deferred Revenuo 6,000 Beg bal. 1,000 Beg. bal. End, bal. End, bal. Common Stock Retained Earnings 29,380 Beg. bal 24,000 Beg bal End, bal End, bal. Service Revenue Salaries Expense Beg bal. Beg, bal End, bal End, bal Advertising Expense Rent Expense Beg. bal. Beg. bal. End, bal End, bal

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