Alou Equipment Repair has a September 30 year end. The company adjusts and closes its accounts on

Question:

Alou Equipment Repair has a September 30 year end. The company adjusts and closes its accounts on an annual basis. On August 31, 2014, the account balances of Alou Equipment Repair were as follows:

During September, the following transactions were completed:
Sept. 1 Borrowed $10,000 from the bank and signed a two-year, 5% note payable.
2 Paid September rent, $500.
8 Paid employee salaries, $1,050.
12 Received $1,500 cash from customers on account.
15 Received $5,700 cash for services performed in September.
17 Purchased additional supplies on account, $1,300.
20 Paid creditors $2,300 on account.
21 Paid September telephone bill, $200.
22 Paid employee salaries, $1,050.
27 Performed services on account and billed customers for services provided, $900.
29 Received $550 from customers for services to be provided in the future.
30 Paid J. Alou $800 cash for personal use.
Adjustment data consist of the following:
1. Supplies on hand at September 30 cost $1,000.
2. Accrued salaries payable at September 30 total $630.
3. The equipment has an expected useful life of five years.
4. Unearned revenue of $450 is still not earned at September 30.
5. Interest is payable on the first of each month.
Instructions
(a) Prepare T accounts and enter the August 31 balances.
(b) Journalize the September transactions.
(c) Post to T accounts.
(d) Prepare a trial balance at September 30.
(e) Journalize and post adjusting entries.
(f) Prepare an adjusted trial balance at September 30.
(g) Prepare an income statement and a statement of owner's equity, and a classified balance sheet.
(h) Prepare and post closing entries.
(i) Prepare post-closing trial balance at September 30?