Question

Dates go on the far left and far right columns. Numbers go in the middles two columns. Please help I am desperate!

Saved Help Save & Exit Check The following information applies to the questions displayed below) Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance Debits Credits $5,700 1,700 6,800 L0,400 Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings s 6,700 2,200 8,200 500 24 600 $24,600 Totals The following transactions occur in September september 1 Purchase avd ith uonqmeecn tootca tor 93,600 from Crimeon Company. September 2 Purchase land with a long-term note for $5,600 from Ceimson Company September Receive an invoice for $420 from the local nevspaper for an advertisement that appeared on September 2 September 8 Provide serviees to eustomers on aceount for $5,200 September 10 Purchase supplies on account for $1,200 Septenber 13 Pay $3,200 to Crinson Company for a long-tern note September 18 Receive $4, 200 from customers on account. September 20 Pay $820 for September's rent September 30 Pay September's utility bill of $1,600. September 30 Pay employees $3,200 for salaries for the month of September. September 30 Pay a cash dividend ot $1,200 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 beainnina of Seotember in each T-account)

Answer 1

Cash A/C Common stock Date Particulars Amount Amount Particulars Particulars Amount Amount Particulars Date Sep-01 To opening balance 3,900420 By Advertisement Sep-01 To Services Afc Sep-18 To Accounts receviable4,200820 By Rent a/c S 8,200 By opening balance $3,900 3,200 By Notes payable afc 1,600 By Utilities Expe a/c 3,200 By Salaries Exp afc 1,200 By Cash dividend Sep-30 To Closing balance $ 8,200 8,200 Total 8,200 Total 12,00012,000 Total Accounts receviable Retained earnings Amount Amount Particulars Particulars Amount Amount Particulars Sep-01 To opening balance 1,700 Sep-08 To Service a/c 4,200 By Cash Collected $7,500 By opening balance Sep-30 To Dividend 2,700 By Closing balance To Closing balance 6,300 S 6,9006,900 Total Total Total Particulars AmountAmount Particulars Dividends Sep-01 Toopening balance S 6,800 Sep-10 To Accounts payables$1,200 Date Particulars Amount Amount Particulars Date 8,000 By Closing Balance 30 S 1,200 By Retained earnings 30 Total $8,000$8,000 Total Total $ 1,200 1,200 Date Particulars Amount Amount Particulars Service Revenue Sep-01 To opening balance Sep-02 To Note Payable 10,400 Particulars Amount Amount Particulars Date Sep 30 To Income Statement 9,100 3,900 By Cash a/c Sep 01 $ 5,200 By Accounts receviable Sep-08 S 16,000 By Closing Balance 30 Total S 16,000 16,000 By Closing balance Accounts Payable Amount Amount Particulars $6,700 By opening balance $ 1,200 By Purchases of supplies Sep-10 Salaries Expenses Particulars Amount Amount Particulars Sep-30 To Cash afc Sep-30 By Closing balance$ 7,900 Total $ 7,900 7,900 Total S 3,200 By Profit & Loss a/c 30 Total $ 3,200 3,200 Total Date Particulars Amount Amount Particulars Sep-13 To Cash a/c $ 3,200 2,200 By opening balance Rent Expenses $5,600 By Land a/c Date Particulars Amount Amount Particulars Date -30 By Closing Balance Sep-20 To Cash a/c $ 7,8007,800 Total 820 By Profit & Loss a/c 30 820 Advertising Expenses Date Particulars Amount Amount Particulars Utilities Expenses Particulars Amount Amount Particulars Date Sep-30 To cash a/c $420 By Profit& Loss afc Total 1,600 By Profit & Loss a/c Sep-30 1,600 1,600