Chapter 2, Problem 27BE

Recording transactions and preparing a trial balance (Learning Objectives 3 & 4) 15-20 min.

White Glove Cleaning, Inc. had the following transactions for the month of September 2018:

Sep 2	Paid Rent Expense, $500
4	Performed service for a customer and received cash, $1,800.
8	Purchased supplies on account, $900,
11	Received cash from credit customers on account, $1,200.
15	Sold an additional $10,000 of Common Stock
19	Paid $450 on account.
27	Performed service for customers on account, $2,800.
28	Made a payment on the Notes Payable, $5,000.

The following T-accounts have been set up for White Glove Cleaning, Inc., with their beginning balances as of September 1, 2018:

	Cash		111
Sep 1	1,450

	Accounts Receivable		112
Sep 1	3,900

	Supplies		113
Sep 1	250

	Building		114
Sep 1	38,000

	Office Furniture		116
Sep 1	2,300

	Accounts Payable		211
		Sep 1		2,100

	Notes Payable		212
		Sep 1	10,000

	Common Stock		311
		Sep 1	30,000

	Service Revenue		411
		Sep 1	4,900

	Rent Expense	511
Sep 1	1,100

Requirements

1. 1. Journalize the transactions for the month of September. Explanations are not required.
2. 2. Post the journal entries to the appropriate T-accounts. Identify all items by date.
3. 3. Calculate the balance of each account at September 30, 2018.
4. 4. Prove that the total of all the debit balances equals the total of all of the credit balances by preparing a trial balance at September 30, 2018.