Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information The following information applies to the questions displayed below) 3 of 3 Pirates Incorporated had the following balances at the beginning of September.

image text in transcribed
image text in transcribed
Required information The following information applies to the questions displayed below) 3 of 3 Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance Septenber 1 Accounts Debit Cash $ 6.500 Accounts Receivable 2.500 Supplies 7.600 Land 11. 200 Accounts Payable Notes Payable Common Stock Retained Earnings Totals 127.800 ferences $ 7,500 3.000 9.000 8,300 $27.000 The following transactions occur in September September 1 Provide services to customers for cash $4.700. September 2Purchase land with a long-ter 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 sccount for $6.000. September 10 Purchase supplies on account for $1.100. September 13 Pay 34.000 to Criston Company for a long-tern sote. September 18 Receive $5.000 from customers on account. September 20 Pay $900 for September' 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. 4. Prepare a trial balance as of September 30. Credit PIRATES INCORPORATED Trial Balance September 30 Accounts Debit Cash Accounts Recovable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Sales Expense Rent Expense Advertising Expense tes Expense ME Required information Land Supplies Beg Bal Beg Ball September 1 September 10 September 30 End. Bal Accounts Payable Notes Payable Beg Bal Beg Bal End Common Stock Retained Earnings Beg Beg Bal IT IS SHA End Bar Dividends Servies Revenue Beg Bal S Be Bar Rent Expense September 4 Bega End Ball

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting 2022

Authors: Glenn Owen

5th Edition

0357516532, 9780357516539

More Books

Students also viewed these Accounting questions

Question

Where do emotions come from? What function do they serve?

Answered: 1 week ago