Warning: Do not forget to put beginning balances into the T-accounts. Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (GL) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,100 Accounts Receivable 1,100 Supplies 6,200 Land 9,800 Accounts Payable $ 6,100 Notes Payable 1,600 Common Stock 7,600 Retained Earnings 6,900 Totals $ 22,200 $ 22,200 The following transactions occur in September. September 1 Provide services to customers for cash, $3,300. September 2 Purchase land with a long-term note for $5,000 from Crimson Company. September 4 Receive an invoice for $360 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $4,600. September 10 Purchase supplies on account for $1,100. September 13 Pay $2,600 to Crimson Company for a long-term note. September 18 Receive $3,600 from customers on account. September 20 Pay $760 for September's rent. September 30 Pay September's utility bill of $1,300. September 30 Pay employees $2,600 for salaries for the month of September. September 30 Pay a cash dividend of $1,200 to shareholders. Record each of the transactions Post each transaction to the appropriate T accounts. Calculate the balance of each account at September 30. (Hint: Be sure to include the balance at the beginning of September in each T account.) Prepare a trial balance as of September 30. Check figure: The total trial balance columns should be $33,960.