3.3 question

b. Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post b. Prepare an income statement and an owner's equity statement for the 3 months ending September 30 ing the Accounts Instructions a. Journalize the adjusting entries on May 31. 55 the adjusting entries. (Use Jl as the posting reference.) c. Prepare an adjusted trial balance on May 31. d. Prepare an income statement and an owner's equity statement for the month of May and a balance sheet at May 31. P3.3A (LO 2, 3, 4) Financial Statement Alena Co. was organized on July 1, 2020. Quarterly finan cial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. incial Alena Co. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,700 Accounts Receivable 10,400 Supplies 1.500 Prepaid Rent 2.200 Equipment 18.000 Accumulated Depreciation--Equipment $-0- Notes Payable 10.000 Accounts Payable 2.500 Salaries and Wages Payable Interest Payable Unearned fet Revenue 1.900 Owner's Cari 22,000 Owner's Drawings 1,600 16,000 Service Revenue 1,410 Rent Revenue 8,000 Salaries and Wages Expense 1,900 Rent Expense Depreciation Expense Supplies Expense 1,510 Utilities Expense Interest Expense $53,810 $53,810 Adjusted Dr. Cr. $ 8,700 11,500 650 500 18.000 $ 700 10.000 2,500 725 100 450 22,000 1,600 17,100 2.860 8,725 3,600 700 850 1,510 100 $56,435 $56,435 Instructions a. Journalize the adjusting entries that were made. and a balance sheet at September 30. c. If the note bears interest at 12%, how many months has it been outstanding? view of the ledger of Gina Company at December 31, 2020, produces the fol