Question

need t accounts and trial balance.

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 $19, on account. 2. September & Purchase painting equipment for $20,000 cash. 3. September 12 Purchase office supplies on account for $3,300. 4. September 15 Pay employee salaries of $4,000 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,100 cash. 6. September 22 Pay office rent of $5,200 for the current month. 7. September 26 Receive $14,ce from customers in (1) above. 8. September 30 Receive cash of $5,500 in advance from a customer who plans to have his house painted in the following month. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the 1 account field.) View transaction ist View journal entry worksheet No General Journal Credit Date September 03 Debit 19.000 1 1 Accounts Receivable Service Revenue 19.000 1 2 September 08 20.000 Equipment Cash 20.000 3 September 12 Supplies Accounts Payable 3.300 4 September 15 4.000 Salaries Expense Cash TILL 5 September 19 Advertising Expens Cash 6 September 22 5 200 Rent Expense Cash 7 September 26 14 000 Cash Accounts Receivable 14 000 3 September 30 Cash Deferred Revenue

Answer 1

Solution:

2. T-accounts :

Beg. Bal Sept. 26 Sept. 30 Cash 45,100 14,000 5,800 Beg. Bal Sept. 1 Accounts Receivable 1,600 14,000 Sept. 26 19,000 20,000 Sept. 8 4,000 Sept. 15 1,100 Sept. 19 5,200 Sept. 22 End. Bal 34,600 End. Bal 6,600 Beg. Bal Sept. 12 Supplies 480 3,300 Beg. Bal Sept. 8 Equipment 7,200 20,000 End. Bal 3,780 End. Bal 27,200 Accounts payable 1,000 3,300 Sept. 12 Deferred Revenue Sept. 30 Beg. Bal 5,800 End. Bal 4,300 End. Bal 5,800 Common stock 24,000 Retained Earnings 29,380 Beg. Bal Beg. Bal End. Bal 24,000 End. Bal 29,380 Service Revenue 19,000 Sept. 1 Salaries Expense 4,000 Sept. 15 End. Bal 19,000 End. Bal 4,000 HIHIHH Advertising Expense 1,1001 Rent Expense 5,200 Sept. 19 Sept. 22 End. Bal 1,100 End. Bal 5,200

3. Trial balance:

BOILERMAKER HOUSE PAITNTING COMPANY Trial Balance Debit Credit Cash 34,600 Accounts Receivable 6,600 Supplies 3,7801 Equipment 27,200 Accounts payable 4,300 Deferred Revenue 5,800 Common stock 24,000 Retained Earnings 29,380 Service Revenue 19,000 Salaries Expense 4,000 Advertising Expense 1,1001 Rent Expense 5,200 Total $ 82,480$ 82,480

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