Alena Co. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. ALENA CO. Trial Balance September 30, 2017 Unadjusted Dr. Cr. Cash $ 8,800 Accounts Receivable 10,300 Supplies 1,550 Prepaid Rent 2,150 Equipment 19,000 Accumulated Depreciation-Equipment $ 0 Notes Payable 10,000 Accounts Payable 2,550 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,950 Owner's Capital 21,800 Owner's Drawings 1,600 Service Revenue 16,730 Rent Revenue 1,400 Salaries and Wages Expense 7,700 Rent Expense 1,850 Depreciation Expense Supplies Expense Utilities Expense 1,480 Interest Expense $ 54,430 $ 54,430 Adjusted Dr. Cr. $ 8,800 11,600 700 1,200 19,000 $ 750 10,000 2,550 700 100 1,000 21,800 1,600 18,030 2,350 8,400 2,800 750 850 1,480 100 $ 57,280 $ 57,280 $ 54,430 $ 54,430 $ 57,280 Journalize the annual adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 30 (To record revenue for services performed) Sept. 30 (To record prepaid rent) Sept. 30 (To record supplies used) Sept. 30 (To record monthly depreciation) Sept. 30 (To record interest on notes payable) Sept. 30 (To record rent earned) Sept. 30 (To record accrued salaries and wages) Prepare an income statement for the 3 months ending September 30, 2017. ALENA CO. Income Statement 5 $ Prepare a statement of owner's equity for the 3 months ending September 30, 2017. (List items that increase owner's equity first.) Prepare a balance sheet at September 30. (List Assets in order of liquidity.) ALENA CO. Balance Sheet Assets Liabilities and Owner's Equity $ $ If the note bears interest at 12%, how many months has it been outstanding? Note has been outstanding for month(s)