3-3B - Adjusting Entries, the Adjusted Trial Balance Worksheet, Financial Statements, Closing Entries (and the kitchen sink.) Below is the September 30, 2024 unadjusted trial balance of CleanPanes Window Washers Unadjusted TB DR CR Cash $1,600 Accounts receivable 750 Supplies 400 Prepaid insurance 1,600 Prepaid rent 800 Equipment AD-Equipment Accounts payable Wages payable Interest payable Unearned washing revenue Note payable Common shares 20,000 $2,000 900 600 4,000 1,000 Retained earnings 2.550 Dividends 1,000 Washing revenue 38.000 Wages expense 12,000 Interest expense Depreciation expense Supplies expense Maintenance expense 100 Insurance expense Rent expense 8,800 Income tax expense 2,000 Total $49.050 $49.050 Adjustments DR CR Adjusted TB DR CR The company's fiscal year end is September 30, and the following items require adjustment: a.) A count of supplies reveals $50 were on hand on September 30. b.) The $1,600 insurance policy was purchased on February 1, 2024. c.) The equipment was purchased last year. At the time of purchase, the estimated life of the equipment was 10 years with no estimated residual value. d.) The $4,000 note payable was issued on July 1, 2024 and accrues interest at a 7% annual rate. The note is expected to be repaid in January of 2025. e.) On September 1, 2024 the company entered into a 6-month contract to provide window washing for a local restaurant. The restaurant paid $600 in advance for the service. CleanPanes has washed the restaurant's windows properly up to September 30. f.) The company had an employee who had unpaid wages of $100 on September 30. g) As of September 30, the company had completed, but not yet billed $250 worth of work h.) The prepaid rent was for the months of August and September. It has all expired. Required: a.) As necessary, record adjusting journal entries based on items a.) through g.) above. b.) Using your adjusting journal entries, complete the adjusted trial balance. c.) Based on the adjusted trial balance, prepare an income statement, statement of changes in equity and a balance sheet. Assume no common shares were issued during the year. d.) Prepare closing entries for the company.