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30 Sept Credit Debit 6,000 2,500 Cash Accounts receivable Allowance for bad debts Ienventory Supplies Equipment s 200 4,500 800 15,000 10,000 1,200 6,000 900

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30 Sept Credit Debit 6,000 2,500 Cash Accounts receivable Allowance for bad debts Ienventory Supplies Equipment s 200 4,500 800 15,000 10,000 1,200 6,000 900 7,000 8,000 11,000 16,000 equipment Accounts payable Notes payable Deferred fees Capital stock Additional paid-in capital Sales Retained earnings 13,500 5,000 12,000 1,000 $60,300 Cost of goods sold Advertising expense Wages expense Miscellaneous expense Totals $60,300 Prepare the required adjusting entries based on the preceding information. Then, pre pare an adjusted trial balance 8. Financial statements. Use the adjusted trial balance from Problem 7 to prepare an income statement for the quarter ended 30 September 20x4 and a balance sheet as of 30 September 20x4 for GLP Corporation

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