Question: Weber Inc. began operations on August 1 , 2 0 2 3 , and showed the following account balances at August 3 1 . Cash:

Weber Inc. began operations on August 1,2023, and showed the following account balances at August 31. Cash: $49,000; Accounts Receivable: $1,300; Prepaid Rent: $3,900; Equipment: $2,000; Accounts Payable: $13,800; Share Capital: $41,200; Dividends: $2,500; Consulting Revenue Earned: $6,500; Utilities Expense: $2,800. The following transactions occurred during September.
a. September 1: Susan Montgomery (a shareholder), received share capital in Weber Inc., after investing $30,000 cash and $50,000 worth of equipment in Weber Inc.
b. September 3 : Weber Inc. provided $1,750 of consulting services for a customer who will pay within 30 days.
c. September 6 : Weber Inc. received a bill today for this month's water utilities; $150. It will be paid within 30 days.
d. September 8 : Provided consulting services to a customer and collected $600.
e. September 11 : Weber Inc. paid $100 for this month's electrical utilities bill received today.
f. September 13 : Weber Inc. purchased new equipment by paying $4,500 cash.
g. September 15 : Weber Inc. received $1,300 towards payment for the services provided in transaction (b).
h. September 16 : Weber Inc. used $1,000 cash and $3,750 credit to purchase new equipment worth $4,750.
i. September 19 : Weber Inc. paid $100 towards the bill from transaction (c).
j. September 20 : Weber Inc. used credit to purchase $4,250 of equipment.
Enter each account balance as of August 31 in the appropriate T-account, and then record the transactions by entering the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell of the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the
Weber Inc. began operations on August 1 , 2 0 2 3

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