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  • Pirates Incorporated Had The Following Balances at The Beginning of

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    Pirates Incorporated had various account balances at the beginning of September. During the month, they received cash from services, purchased land on credit, received an invoice, provided services on account, purchased supplies on account, paid down a note, received payment on account, paid rent and utilities, paid salaries, and paid a cash dividend to shareholders. The document provides transactions for Pirates Incorporated throughout September and asks the reader to record each transaction, post them to T-accounts, and calculate the ending balances.

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    Pirates Incorporated had various account balances at the beginning of September. During the month, they received cash from services, purchased land on credit, received an invoice, provided services on account, purchased supplies on account, paid down a note, received payment on account, paid rent and utilities, paid salaries, and paid a cash dividend to shareholders. The document provides transactions for Pirates Incorporated throughout September and asks the reader to record each transaction, post them to T-accounts, and calculate the ending balances.

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    © All Rights Reserved
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    10 views1 page

    Pirates Incorporated Had The Following Balances at The Beginning of

    Uploaded by

    trilocksp Singh
    Pirates Incorporated had various account balances at the beginning of September. During the month, they received cash from services, purchased land on credit, received an invoice, provided services on account, purchased supplies on account, paid down a note, received payment on account, paid rent and utilities, paid salaries, and paid a cash dividend to shareholders. The document provides transactions for Pirates Incorporated throughout September and asks the reader to record each transaction, post them to T-accounts, and calculate the ending balances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Pirates Incorporated had the following balances at the

    beginning of
    Pirates Incorporated had the following balances at the beginning of September.The following
    transactions occur in September.September 1 .......Provide services to customers for cash,
    $3,700.September 2 .......Purchase land with a long-term note for $5,400 from Crimson
    Company.September 4.......Receive an invoice for $400 from the local newspaper for an
    advertisement that appeared on September 2.September 8 .......Provide services to customers
    on account for $5,000.September 10 ......Purchase supplies on account for $1,000.September
    13 ......Pay $3,000 to Crimson Company for a long-term note.September 18 ......Receive $4,000
    from customers on account.September 20 ......Pay $800 for September's rent.September 30
    ......Pay September's utility bill of $1,500.September 30 ......Pay employees $3,000 for salaries
    for the month of September.September 30 ......Pay a cash dividend of $1,000 to
    shareholders.Required:1. Record each transaction.2. Post each transaction to the appropriate T-
    accounts.3. Calculate the balance of each account at September 30.View Solution: Pirates
    Incorporated had the following balances at the beginning of
    SOLUTION-- http://solutiondone.online/downloads/pirates-incorporated-had-the-following-
    balances-at-the-beginning-of/

    Unlock answers here solutiondone.online

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