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 $13,000 on account. 2. September 8 Purchase painting equipment for $14,000 cash. 3. September 12 Purchase office supplies on account for $2,100. 4. September 15 Pay employee salaries of $2,800 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 $4,000 for the current month. 7. September 26 Receive $8,000 from customers in (1) above. 8. September 30 Receive cash of $4,600 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 Cast. $39,100; Accounts Receivable. $1,000; Supplies, $360, Equipment. $6,000 Accounts Payable $900; Common Stock, $18,000 Retained Earnings. $27,560. All other accounts had a beginning balance of zero. Cash 39,100 14.000 Beg bal (2) Beg bal Accounts Receivable 1,000 13,000 8.000 (7) 4,600 (8) 1,100 (5) (7) 8.000 Beg, bal. (3) Supplies 360 2,100 Equipment 6,000 Beg, bal |(2) 14,000 End, bal. 2,460 End, bal 20,000 Accounts Payable Deferred Revenue Beg, bal (3) 0 900 2,100 Beg. bal. (8) 4,600 End, bal 3,000 End. bal. 4,600 Common Stock Beg. bal Retained Earnings 27,560 18,000 Bog, bal End, bal 18,000 End, bal 27,560 Service Revenue Salaries Expense Bog, bal 0 Bog, bat 041 42A onl Service Revenue Salaries Expense Beg. bal. 0 Beg., bal. 0 13,000 2.800 End. bal. 13,000 End, bal 2,800 Bog, bal (5) Advertising Expense 0 1,100 Beg, bal 16) Rent Expense 0 4,000 End, bal 1.100 End, bal 4,000 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 $13,000 on account. 2. September 8 Purchase painting equipment for $14,000 cash. 3. September 12 Purchase office supplies on account for $2,100. 4. September 15 Pay employee salaries of $2,800 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 $4,000 for the current month. 7. September 26 Receive $8,000 from customers in (1) above. 8. September 30 Receive cash of $4,600 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 Cast. $39,100; Accounts Receivable. $1,000; Supplies, $360, Equipment. $6,000 Accounts Payable $900; Common Stock, $18,000 Retained Earnings. $27,560. All other accounts had a beginning balance of zero. Cash 39,100 14.000 Beg bal (2) Beg bal Accounts Receivable 1,000 13,000 8.000 (7) 4,600 (8) 1,100 (5) (7) 8.000 Beg, bal. (3) Supplies 360 2,100 Equipment 6,000 Beg, bal |(2) 14,000 End, bal. 2,460 End, bal 20,000 Accounts Payable Deferred Revenue Beg, bal (3) 0 900 2,100 Beg. bal. (8) 4,600 End, bal 3,000 End. bal. 4,600 Common Stock Beg. bal Retained Earnings 27,560 18,000 Bog, bal End, bal 18,000 End, bal 27,560 Service Revenue Salaries Expense Bog, bal 0 Bog, bat 041 42A onl Service Revenue Salaries Expense Beg. bal. 0 Beg., bal. 0 13,000 2.800 End. bal. 13,000 End, bal 2,800 Bog, bal (5) Advertising Expense 0 1,100 Beg, bal 16) Rent Expense 0 4,000 End, bal 1.100 End, bal 4,000
