Weida surveying, incorporated provides land surveying services. During September, its transactions included the following.

September 1st paid rent for the month of September, $4400

September 3rd build fine line homes $5620 for surveying services. The entire amount is due on or before September 28th.( Weida uses an account entitled surveying revenue when billing clients.)

September 9th provided surveying services to sunset Ridge development for 2830 dollars. The entire amount was collected On this date.

September 14th placed a newspaper advertisement in the daily item to be published in the September 20th issue. The cost of the advertisements was $165. Payment is due in 30 days.

September 25th receive a check for $5620 from fine line homes for the amount billed on September 3rd.

September 26th provided surveying services to Thompson excavating company for $1890. Weida Collected $400 cash, with the balance due in 30 days.

September 29th sent the check to the daily item in the full payment of the liability incurred on September 14th.

September 29th santhi check to the daily item in full payment for the liability incurred on September 14th.

September 30th declared and paid a $7600 cash dividend to the company's stockholders.

Instructions

1. Analyze the effects that each of these transactions will have on the following six components of the companies financial statement for the month of September. Organize your answers in tabular form, using the column headings shown. Use I for increase D for decrease, and NE for no effect. The September 1st transaction is provided for you Fair you.
2. Prepare journal entries (including explanations) for each transaction.
3. Post each transaction to the appropriate Ledger accounts.(Use the T account format.
4. Prepare a trial balance dated made 31st, current year.
5. Using figures from the trial balance prepared in Part D, complete total assets, total liabilities, and owners equity. Did may appear to be profitable month?