Saved Help Save& Exit Su Check my w The following information applies to the questions displayed below Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance September 1 Accounts Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Debits Credits $6,500 2,500 I 7,600 11,200 S 7,500 3,000 9,000 8,300 $27,800 $27,800 Totals The following transactions occur in September September 1 Provide services to eustomers for eash, $4,700 September 2 Purchase land with a long-tern note for $6,400 fron Crinson Company September 4 Receive an invoice for $500 from the local newspaper for an advertisenent that appeared on September 2, September Provide services to customers on account for $6,000. September 10 Purehase supplies on aceount for $1,100. September 13 Pay $4,000 to Crinson Company for a long-term note. September 18 Receive $5,000 from eustomers on account. September 20 Pay $900 for September's rent. September 30 Pay September's utility bill of $2,000 September 30 Pay enployees $4,000 for salaries for the month of September September 30 Pay a cash dividend of $1,100 to shareholders 7230 7,230 14 MacBook Pro 99 FI # & 2 3 4 5 7 W E R T CO CO 2.& 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at September 30 (Hint Be sure to include the balance at the beginning of September in each T-account) Accounts Receivable Cash Beg. Bal September 8 6,500 2,500 Beg. Bal 5,000 September 18 September 1 4,700 4,000 September 13 6,000 900 September 20 2,000 September 30 4,000 September 30 1,100 September 30 September 18 5,000 3,500 End. Bal. nces End. Bal 4,200 Land Supplies Beg Bal September 10 7,600 Beg. Bal. 11,200 1,100 September 2 6,400 End Bal 8,700 End. Bal. 17.600 Check my work Required information Notes Payable Accounts Payable 3,000 7,500 Beg Bal Beg Bal 4,000 6.400 September 2 500 September 4 September 13 1,100 September 10 End. Bal 5,400) End. Bal. 9,100 Retained Earmnings Common Stock Beg Bal 9,000 Beg. Bal 8,300 End Bal. 8.300 End. Bal. 9.000 4 Dividends Service Revenue Be Ba Beg. Bal eptember 30 1,100 4,700 September 1 6,000 September 8 End B 1,100 End, Bal. of 15 7230 7,230 7 14 MacBook Pro # & 2 3 4 6 7 W E R T Y U A S D H J Z M V O .CO Z O X End. Ddl. Salaries Expense Rent Expense Beg. Bal. Beg. Bal September 20 0 September 30 4,000 900 End. Bal. 4,000 End. Bal. 900 Advertising Expense Utilities Expense Beg. Bal. 0 Beg. Bal September 4 500 September 30 2,000 End. Bal 500 End. Bal. 2,000