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OOptions for T-charts are: cash, accts recieveable, supplies, land, accts payable, notes payable, common stock, retained earnings, dividends, service rev, rent expense, salaries expense, advertising expense, utilities expense

Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September. September 1 Provide services to customers for cash, $4,000. September 2 Purchase land with a long-term note for $5,700 from Crimson Company. September 4 Receive an invoice for $430 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $5,300. September 10 Purchase supplies on account for $1,000. September 13 Pay $3,300 to Crimson Company for a long-term note. September 18 Receive $4,300 from customers on account. September 20 Pay $830 for September's rent. September 30 Pay September's utility bill of $1,650. September 30 Pay employees $3,300 for salaries for the month of September. September 30 Pay a cash dividend of $1,000 to shareholders. 2. & 3. Post each transaction to the appropriate T-accounts and 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.) Cash 5,800 Accounts Receivable 1,800 Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Land Beg. Bal. Beg. Bal. End. Bal. End. Bal

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