On September 1, 2014, the account balances of Beck Equipment Repair, Inc. were as follows.

No. Debits No. Credits 101 Cash $ 4,880 158 Accumulated Depreciation—Equipment $ 2,100 112 Accounts Receivable 3,520 201 Accounts Payable 3,400 126 Supplies 2,000 209 Unearned Service Revenue 1,400 157 Equipment 18,000 212 Salaries and Wages Payable 500 311 Common Stock 10,000 320 Retained Earnings 11,000

$28,400 : $28,400 During September, the following summary transactions were completed.

Sept. 8 Paid $1,700 for salaries due employees, of which $1,200 is for September.

10 Received $1,200 cash from customers on account.

12 Received $3,400 cash for services performed in September.

15 Purchased store equipment on account $3,000.

17 Purchased supplies on account $1,200.

20 ~=~Paid creditors $4,500 on account.

22 Paid September rent $500.

25 Paid salaries $1,050.

27 Performed services on account and billed customers for services provided

$1,600.

29 Received $750 from customers for future service.

Adjustment data consist of:

1. Supplies on hand $1,700.

2. Accrued salaries payable $400.

3. Depreciation is $140 per month.

4. Unearned service revenue of $1,450 is recognized for services performed.

Instructions

(a) Enter the September 1 balances in the ledger accounts.

(b) Journalize the September transactions.

(c) Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No. 400 Service Revenue, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

(d) Prepare a trial balance at September 30.

(e) Journalize and post adjusting entries.

(f) Prepare an adjusted trial balance.

(g) Prepare an income statement and a retained earnings statement for September and a balance sheet at September 30.

*P3-6A Alpha Graphics Company, Inc. was organized on January 1, 2014. At the end of the first 6 months of operations, the trial balance contained the accounts shown below.

Debits _.._, _ Credits.

Cash $ 8,400 Notes Payable $ 20,000 Accounts Receivable 14,000 Accounts Payable 9,000 Equipment 45,000 Common Stock 22,000 Insurance Expense 2,880 Service Revenue 58,280 Salaries and Wages Expense 30,000 Supplies Expense 3,900 Advertising Expense 1,900 Rent Expense 1,500 Utilities Expense 1,700

$109,280 $109,280 Analysis reveals the following additional data.
The $3,900 balance in Supplies Expense represents supplies purchased in January. At June 30, $680 of supplies are on hand.
The note payable was issued on February 1. It is a 9%, 6-month note.
The balance in Insurance Expense is the premium on a one-year policy, dated March 1, 2014.
Service revenues are credited to revenue when received. At June 30, service revenue of $1,100 is still not performed for the customer.
Depreciation is $2,250 per year.
Instructions

(a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.)

(b) Prepare an adjusted trial balance.

(c) Prepare an income statement and a retained earnings statement for the 6 months ended June 30 and a balance sheet at June 30.