A) Journalize the adjusting entries.

B) prepare income statement and statement of retained earnings for the year ended December 31,2017; and unclassified balance sheet at December 31.

C) answer the following questions:

1) If the note has been outstanding for 3 months, what is the annual interest rate on that note?

2) if the company paid $12,500 in salaries and wages in 2017, what was the balance in salaries and wages payable on December 31, 2016?

Trial Balance September 30, 2017 Unadjusted DR Adjustments DR Adjusted DR CR CR CR $ 37,400 4,200 3,900 80,000 120,000 $ 37,400 Cash Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings 9/1/2017 Dividends Service Revenue Salaries and Wages Expense Maint. & Repairs Expense Advertising Expense Utilities Expense Property Tax Expense 18,600 31,900 80,000 20,000 36,200 4,600 2,700 50,000 07,700 2,000 $ 42,000 14,600 700 50,000 107,700 2,000 4,000 4,000 278,500 280,500 09.,000 30,500 9,400 6,900 8,000 6,000 09,000 30,500 9,400 16,900 21,000 12,000 nterest Expense Insurance Expense 28,000 14,400 Supplies Expense Interest Payable Depreciation Expense Property Taxes Payable 6,000 5,800 3.000 S 491.700 S 491,700 $ 506,500 $506,500 $