Question: Exercise 2 - 2 0 ( Algo ) Record transactions, post to T - accounts, and prepare a trial balance ( LO 2 - 4
Exercise Algo Record transactions, post to Taccounts, and prepare a trial balance LO
Bluestreak Painting Company incurs the following transactions for September.
September Paint houses in the current month for $ on account.
September Purchase painting equipment for $ cash.
September Purchase office supplies on account for $
September Pay employee salaries of $ for the current month.
September Purchase advertising to appear in the current month for $ cash.
September Pay office rent of $ for the current month.
September Receive $ from customers in above. painted in the following month.
Required:
Record each transaction.
Post each transaction to Taccounts and calculate the ending balance for each account. At the beginning of September, the company had the following account balances: Cash, $; Accounts Receivable, $; Supplies, $; Equipment, $; Accounts Payable, $; Common Stock, $; Retained Earnings, $ All other accounts had a beginning balance of zero.
Prepare a trial balance.
Complete this question by entering your answers in the tabs below.
Record each transaction. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Paint houses in the current month for $ on account.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditSeptember
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