on september 1 2012 the following were the account balances 249280

On September 1, 2012, the following were the account balances of Worthington Equipment Repair.


During September, the following summary transactions were completed.

Sept. 8 Paid $1,100 for salaries due employees, of which $400 is for September and $700 is for August salaries payable.

10 Received $1,500 cash from customers in payment of account.

12 Received $3,400 cash for services performed in September.

15 Purchased store equipment on account $3,000.

Sept. 17 Purchased supplies on account $2,000.

20 Paid creditors $4,500 of accounts payable due.

22 Paid September rent $520.

25 Paid salaries $1,200.

27 Performed services on account and billed customers for services provided $2,040.

29 Received $650 from customers for services to be provided in the future.

Adjustment data:

1. Supplies on hand $1,100.

2. Accrued salaries payable $400.

3. Depreciation $200 per month.

4. Unearned service revenue of $280 earned.


(a) Enter the September 1 balances in the ledger T accounts.

(b) Journalize the September transactions.

(c) Post to the ledger T accounts. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense.

(d) Prepare a trial balance at September 30.

(e) Journalize and post adjusting entries.

(f ) Prepare an adjusted trial balance.

(g) Prepare an income statement and a retained earnings statement for September and a classified balance sheet at September 30.

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