ACCT101 Chapter 2 Practice Question The following transactions take place in month of September 2018 for Northern Lights Company. Sept 1 Paid the monthly rent with $3,500 cash. Sept 2 Sandra Moses invested $32,600 cash in the business. Sept 6 Purchased $925 of office supplies for cash. Sept 15 Received $3,000 cash as fees for services provided to a customer. Sept 22 Billed a customer $5,400 as fees for services and received cash. Sept 25 Billed a customer $2,200 as fees for services but has not received cash. Sept 29 Received the utility bill from BC Hydro for $150 payable next month. Sept 30 Moses withdrew $5,000 cash from the business for personal use. Required: a. Journalize the above transactions. Make journal entries. b. Post journal entries to the General Ledger (GL). Prepare the T-accounts for the above transactions. c. Prepare a Trial Balance, d. Prepare the Financial Statements