Question: The trial balance for BFF Systems Inc at September 15

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 “Bal” 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.
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  • CreatedApril 29, 2014
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