Instructions FastForward is a consulting business that started this August. It has a monthly accounting cycle. Recall that the accounting cycle includes the 9 steps that repeat every month (or every year). Through the Module 1 Part 1 class lecture, we learned that FastForward completed its accounting cycle in August with Post-Closing Trial Balance on August 31 (Hint: review the Module 1 Part 1 class lecture to refresh your memory of these numbers). Now it is time for FastForward to continue its accounting cycle in September by repeating the 9 steps.

FastForward
Post-Closing Trial Balance
August 31
	Debit		Credit
Cash	$38,200
Accounts Receivable	9,800
Supplies	260
Unearned Revenue			$12,500
Utilities Payable			900
Common Stock			20,000
Retained Earnings			14,860
Totals	$48,260		$48,260

Continuing its business into September, FastForward Co., completed the following transactions: On September 1, paid $12,000 cash for a one-year rent of office space. The rent payment will cover from September 1 of this year to August 31 of the next year. On September 4, purchased computers from Dell Co. for $19,000 on credit (payment due to Dell Co. in 90 days). FastForward estimated to use the computers for five years with a salvage value of $3,000. On September 9, provided consulting service of $30,600 to a customer, Well Inc., on credit. On September 10, paid the utility bill of $900 received on August 28. (Hint: review Module 1, Part 1 class lecture FastForward has recorded Augusts utilities in Augusts accounting book through an adjusting journal entry). On September 20, collected cash of $25,000 from the customer, Well Inc. for the work on September 9. On September 29, paid $7,000 cash for employee salary for the first time. On September 30, paid $500 cash for dividends to the shareholders. Requirements: Step 1: Analyze the above transactions; Step 2: Record the above transactions; Step 3: Post the above transactions; Step 4: Prepare the unadjusted trial balance as of 9/30.