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Check my work Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance September 1 unts Debits Credits Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings s5,700 1,700 6, 800 10,400 6,700 2,200 8,200 7.500 24,600 $24,600 Totals The following transactions occur in September September 1 Provide services to eustomers for cash, 53.900 Septenber 2 Purchase land with a long-term note for $5,600 from Crinson Company September Receive an invoice for $420 from the local nevapaper for an advertisement that appeared on September 2 Septenber 8 Provide services to customers on account for $5,200. September 10 Purchase supplies on aceount for $1,200. September 13 Pay $3,200 to Crinson Company for a long-term note Septenber 18 Receive $4,200 from September 20 Pay $820 for Septembers rent. September 30 Pay Septembers utility bill of $1,600. Septenber 30 Pay employees $3,200 for salaries tor the month of Septesber. September 30 Pay a cash dividend of $1,200 to shareholders. customers on account 4. Prepare a trial balance as of September 30.
Saved Help Save & Exit 5 Check september 30 Pay a cash dividend of $1,200 to shareholders. 4. Prepare a trial balance as of September 30. Part 3 of 3 PIRATES INCORPORATED Trial Balance September 30 points ccounts Cash Accounts Receivable Supplies Land Debit Credit eBook Print ReferencesAccounts Payable Notes Payable Common Stock Retained Eanings Dividends Service Revenue Salaries Expense Rent Expense Advertising Expense Utilities Expense Totals
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Answer #1

The transactions throughout the month will have following effect.

Sep 1 : "service revenue" credited and "Cash " debited $ 3900.

Sep 2 : " Land " debited and " notes Payable " credited $ 5600.

Sep 4 : " Accounts payable " Credited and " advertising expenses " debited $ 420.

Sep 8 : " service provided" credited and " accounts Receivable " debited $ 5200.

Sep 10 : " supplies " debited and " Account payable " credited $ 1200.

Sep 13 : " Notes payable " debited and " Cash " credited $ 3200.

Sep 18 : " cash " debited and " account recievables" credited $4200.

Sep 20 : " rent expense " debited and " Cash " Credited $820.

Sep 30 : " utility Expense" debited and " Cash " Credited $ 1600.

Sep 30 : " Salaries Expenses " debited and " Cash" Credited $ 3200.

Sep 30 : " dividends " debited and "Cash " Credited $ 1200.

Trail Balance

As on September,30

Debit. Credit.

  • Cash 3,780  
  • Account Recievable 2,700
  • Supplies 8,000   
  • Land 16,000
  • Account Payable 8,320
  • Notes Payable. 4,600
  • Common stock 8,200
  • Retained Earnings 7,500
  • Dividends 1,200
  • Service Revenue 9,100
  • Salaries expense 3,200
  • Rent expense 820
  • Advertisement expense. 420
  • Utilities Expenses. 1,600

TOTAL. $37,720    $37,720

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