9. Selected transactions for the Basler Corporation during its first month of operations are presented below: Sept. 1 Issued common shares for $20,000 cash. 2 Performed $9,000 of services on account for a customer. 4 Purchased equipment for $12,000, paying $5,000 in cash and borrowing the balance from the bank. 10 Purchased $500 of supplies on account. 25 Received $4,500 cash in advance for architectural services to be provided next month. 30 Paid $300 on account in partial payment of amount owing for supplies. (See September 10 transaction.) 30 Collected $5,000 on account owing from customer. (See September 2 transaction.) Journalize and post the above to T-Accounts. Enter the Journal Entry for Sep 4. 10. With the information from Basler Corp. in #9, what is the ending balance for Cash?
9. Selected transactions for the Basler Corporation during its first month of operations are presented below: Sept. 1 Issued common shares for $20,000 cash. 2 Performed $9,000 of services on account for a customer. 4 Purchased equipment for $12,000, paying $5,000 in cash and borrowing the balance from the bank. 10 Purchased $500 of supplies on account. 25 Received $4,500 cash in advance for architectural services to be provided next month. 30 Paid $300 on account in partial payment of amount owing for supplies. (See September 10 transaction.) 30 Collected $5,000 on account owing from customer. (See September 2 transaction.) Journalize and post the above to T-Accounts. Enter the Journal Entry for Sep 4. 10. With the information from Basler Corp. in #9, what is the ending balance for Cash?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:9. Selected transactions for the Basler Corporation during its first month of operations are presented
below:
Sept. 1 Issued common shares for $20,000 cash.
2 Performed $9,000 of services on account for a customer.
4 Purchased equipment for $12,000, paying $5,000 in cash and borrowing the balance from the bank.
10 Purchased $500 of supplies on account.
25 Received $4,500 cash in advance for architectural services to be provided next month.
30
Paid $300 on account in partial payment of amount owing for supplies. (See September 10
transaction.)
30 Collected $5,000 on account owing from customer. (See September 2 transaction.)
Journalize and post the above to T-Accounts. Enter the Journal Entry for Sep 4.
10. With the information from Basler Corp. in #9, what is the ending balance for Cash?
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