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Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $20,000

Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below:

Sept. 1 Issued common shares in exchange for $20,000 cash.
2 Paid $1,500 cash for rent for the month of September.
5 Purchased equipment for $9,000, paying $2,100 in cash and the balance on account.
8 Earned $6,700 in revenue, receiving $1,000 cash and $5,700 on account of services provided.
12 Incurred $500 in advertising expense on account.
20 Paid $2,700 for repairs and maintenance expenses.
25 Paid $5,100 cash on balance owed for equipment.
27 Incurred and paid income taxes for the month amounting to $1,000.
30

Declared and paid a $400 cash dividend.

Prepare a trial balance at September 30, 2018.

SUNLAND CORPORATION Trial Balance Month Ended September 30, 2018Year Ended September 30, 2018September 30, 2018

Debit

Credit

$

$

Totals

$

$

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