The trial balance for BFF Systems, Inc., at September 15, 2012, follows:

During the remainder of September, BFF Systems, Inc., completed the following transactions:
Sep 16 Collected $2,900 cash from a client on account.
18 Performed services on account, $2,800.
21 Received $1,200 cash for services performed.
23 Purchased supplies on account, $300.
25 Paid $1,600 in dividends.
27 Paid $2,100 on account.
29 Received $2,700 cash for services performed.
30 Paid rent, $1,800.
30 Paid employees€™ salaries, $2,600.

Requirements
1. Journalize the transactions that occurred September 16 to September 30 on page 6 of the journal.
2. Open the ledger accounts listed in the trial balance together with their beginning balances at September 15. Use the four-column account format illustrated in the chapter. Enter €œBal€ for the September 15 balance in the Item column. Post the transactions to the ledger using dates, account numbers, and posting references.
Calculate the new account balances at September 30, 2012.
3. Prepare the trial balance for BFF Systems, Inc., at September 30,2012.

Transcribed Image Text:

BFF Systems, Inc. Trial Balance September 15, 2012 ACCT # | ACCOUNT DEBIT CREDIT s 4,500 7,500 100 13,000 110Cash 112 Accounts Receivable 115 Supplies 140 Equipment 210 Accounts Payable 311 Common Stock 315 Dividends 411 Service Revenue 511 Salaries Expense 515 Rent Expense $ 4,500 20,200 2,000 6,500 2,900 1,200 $31,200 Total $31,200