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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
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 $18,5ee on account. 2. September 8 Purchase painting equipment for $19,500 cash. 3. September 12 Purchase office supplies on account for $3,2ee. 4. September 15 Pay employee salaries of $3,900 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,eee cash. 6. September 22 Pay office rent of $5,1ee for the current month. 7. September 26 Receive $13,500 from customers in (1) above. 8. September 30 Receive cash of $5,7ee 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: Cash, $44,600; Accounts Receivable, $1,550, Supplies, $470: Equipment, $7,100; Accounts Payable, $1,200, Common Stock, $23,500; Retained Earnings, $29,020. All other accounts had a beginning balance of zero. Accounts Receivable Beg, bal Endbal Accounts Payable Deferred Revenue Beg, bal Beg, bal End, bal End. bal. Common Stock Retained Earnings Beg, bal Beg, bal End, bal Service Revenue Salaries Expense Beq, bal End. bal Advertising Expense Rent Expense
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