On September 1, Cullumber Company has the following accounts and account balances: Cash $21,600, Accounts Receivable $2,480, Supplies $2,360, Accounts Payable $1,240, Unearned Revenue $1,980, Owner's Capital $19,880, Service Revenue $5,080, and Salaries Expense $1,740 During the month of September, the bookkeeper for Cullumber Company prepared the following journal entries: 1. 2. 3. 4. 5. Cash Service Revenue (To record cash received from services performed.) Salaries Expense Cash (Paid salaries to date.) Accounts Payable Cash (Paid creditors on account.) Cash Accounts Receivable (Received cash in payment of account.) Unearned Revenue Service Revenue (Provided services.) 6. Supplies Accounts Payable (To record supplies purchased on account.) 1,490 870 250 1,240 1,490 1.240 1,490 870 250 1,240 1,490 1,240 SUPPO Post the September transactions and determine the ending balance in each account. (Post entries in the order as displayed in the problem statement.)

On September 1, Cullumber Company has the following accounts and account balances: Cash $21,600, Accounts Receivable $2,480, Supplies $2,360, Accounts Payable $1,240, Unearned Revenue $1,980, Owner's Capital $19,880, Service Revenue $5,080, and Salaries Expense $1,740 During the month of September, the bookkeeper for Cullumber Company prepared the following journal entries: 1. 2. 3. 4. 5. Cash Service Revenue (To record cash received from services performed.) Salaries Expense Cash (Paid salaries to date.) Accounts Payable Cash (Paid creditors on account.) Cash Accounts Receivable (Received cash in payment of account.) Unearned Revenue Service Revenue (Provided services.) 6. Supplies Accounts Payable (To record supplies purchased on account.) 1,490 870 250 1,240 1,490 1.240 1,490 870 250 1,240 1,490 1,240 SUPPO Post the September transactions and determine the ending balance in each account. (Post entries in the order as displayed in the problem statement.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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