Question

Required Information (The following information applies to the questions displayed below.] Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 4,689 Accounts Receivable 688 Supplies 5,780 Land 9, 30e Accounts Payable Notes Payable Common Stock Retained Earnings Totals $20,200 $ 5,600 1.100 7,190 6.480 $20,280 The following transactions occur in September. September 1 Provide services to customers for cash, $2,800. September 2 Purchase land with a long-term note for $4,5ee from Crimson Company. September 4 Receive an invoice for $318 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $4,100. September 19 Purchase supplies on account for $1,200. September 13 Pay $2,100 to Crimson Company for a long-term note. September 18 Receive $3,100 from customers on account. September 20 Pay $718 for September's rent. September 30 Pay September's utility bill of $1,850. September 30 Pay employees $2,180 for salaries for the month of September. September 3e Pay a cash dividend of $1,1ee to shareholders. 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.) Cash Accounts Receivable Beg. Bal. Beg Bal End. Bal. Supplies Beg. Bal. Beg. Bal. End Bal. End. Bal.

Answer 1

($) Sep 1 Sep1 ($) Cash Ale To Balancebid 4600 To Service - Ravenue To sovie Revan To All Receivabled 3 100 Mancebld Sep 4 18 4600 Sep 41 By Advertisement Ak 310 2800 aile Jeppeleach 2300 y Notes Payable MM 2100 Rent ALG 710 in Utility bill Alc 1050 30 By Salaries All 2100 T30 By Dividend All 1100 Sep13 30 I 30 By balance eld 3430 70 $200 LOS00 Sepi Accounts Receivable Ale To Balance bld 600 Sep 18 By Cash 10 Sewile Reverne 4100 sep Sep 1 8 3100 - 30 By balance cld. 1600 4700 4700 A Celunts Poү а.) іс- I sup3r Tc balane eld 6800 Sep1 by balon u bld. L 10 By Supplies 5600 1200 6800 6800 Salaries Enperves Sep 30 To Cash AlC 2100 Sep 30 By Profith loss All 2100 2100 2100

Sep To Cash ALC Advestisement Enpanes Alc 310 Sep 30 By Profit2log All 3100 310 310 Si Sep 3 To Cashotes Payabile A 013 To Cash ACC 30 To Balance eld 2100 Sapi Qy balance b/d. 3500 2 By Land All 4500 $ 600 56001T LAND ALC to balance 6 ld 9300 Sep 201 By balance eld To Notes Payable Alc 4500 Sep1 2 1 13800 13800 Rent Sep 20 T0 Cash All 113 800 Expenses ALC I 710 Sep 301 By Profit & lon AG 710 710 70 Utilities Expense HIC. Sep 3g To Cash AIC 1 1050 Sep 301 By Profit 2 lor Al 1050 OSO IOSO Sewiec. Revenue Alc Supol To Profite hos Ale 6900 sep 1 By Cash AlC. 2800 8 may cacera en Ale 4100 Recurvebate 6900 6900 o pilies ALG Scol! To Balancu old. 5700 Sep 39 BY Balance eld 16900 10 To Caola A/C Payable A/C T 6900 7900 1200

Sep 30 To balane eld Common stoch 7100 sep 1 AIO Bybalancebed 7100 7100 7100 Retained Earnings Alc Sep 30 To Cash 1100 sep 1 By balance old 6400 - Dividend los 30 By Profit 2 long ALC 2730 30 to balance eld 8030 30 9 730 Cash 1000 Sep 30 To Cash ALL Dividend. Sp 30 By Relained. Earning 1700 - Protit a loss Alc 2100 By suvice Revence 310 710 1050 6900 I To Salaries To Advertisement To Rent To utilities To Retained Earnings 2730 6900 69001
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