On 1st September 2015, the opening balances of ABC Company were as follows:
Accounts Debit
$ Credit
$
Cash 4,880
Accounts Receivable 3,520
Supplies 1500
Equipment 15,000
Accumulated Depreciation 1,500
Accounts Payable 3,400
Unearned Service Revenue 1,400
Capital 18,600
Total 24900 24900
During September 2015, the following transactions took place:
Sep 10: ABC received $1,200 cash from customers on account.
Sep 12: ABC received $3,400 cash for services performed in September.
Sep 15: ABC purchased equipment on account $3,000.
Sep 17: ABC purchased store supplies on account $ 3,200.
Sep 20: ABC paid creditors $4,500 on account.
Sep 22: ABC paid rent for September worth $500.
Sep 25: ABC paid salaries $1,250.
Sep 27: ABC billed customers for services provided in September worth $1,500
Sep 29: ABC received $650 from customers for services to be provided in October.
Adjustment Data:
1. Supplies on hand $ 1,200.
2. Accrued salaries payable $ 400.
3. Depreciation is $ 100 for September.
4. Unearned service revenue of $ 1,450 is earned in September