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Selected transactionsfor Sunland Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $20,000 cash.
Selected transactionsfor 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 $1,600 cash for rent for the month of September. 5 Purchased equipment for $10,800 paying $2,200 in cash and the balanceon account. 8 Earned $7,500 in revenue, receiving $1,100 cash and $6,400 on account of services provided. 12 Incurred $400 in advertising expense on account. 20 Paid $2,800 for repairs and maintenance expenses, 25 Paid $5,000 cash on balanceowed for equipment. 27 Incurred and paid income taxes for the month amounting to $700. 30 Declared and paid a $600 cash dividend. Prepare a trial balance at September 30, 2018. SUNLAND CORPORATION Trial Balance Debit Credit $ $ Totals $ $ Prepare a trial balance at September 30, 2018. SUNLAND CORPORATION Trial Balance Credit Year Ended September 30, 2018 September 30, 2018 Month Ended September 30, 2018 A Totals
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