Findlay Testing Inc. provides water testing and maintenance services for owners of hot tubs and swimming pools. During September the following transactions occurred:
Sept. 1 Issued common stock for $20,000.
2 Purchased chemical supplies for $1,880 cash.
5 Paid office rent for October, November, and December; the rent is $800 per month.
8 Purchased $1,290 of advertising for September on account.
13 Billed the city of Bellefontaine $2,100 for testing the water in the city's outdoor pools during September.
18 Received $8,250 from Alexander Blanchard upon completion of overhaul of his swimming pool water circulation system. Since the job was completed and collected for on the same day, no bill was sent to Blanchard.
Sept. 25 Received $835 from the city of Bellefontaine for water testing that was previously billed.
30 Recorded and paid September salaries of $3,970.
Required:
1. Prepare a journal entry for each transaction.
2. Post the journal entries to the appropriate T-accounts.