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Alena Co. was organized on July 1, 2022. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown
Alena Co. was organized on July 1, 2022. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. ALENA CO. Trial Balance September 30, 2022 Unadjusted Adjusted Dr. Cr. Dr. Cash $8,700 $8.700 Accounts Receivable. 10,400 11.500 Supplies 1,500 650 Prepaid Rent 2.200 500 Equipment 18.000 18.000 Accumulated Depreciation-Equipment $0 700 Notes Payable 10,000 10,000 Accounts Payable 2.500 2,500 Salaries and Wages Payable. 0 725 Interest Payable 0 100 Unearned Rent Revenue 1,900 450 Owner's Capital 22,000 22.000 Owner's Drawings 1.600 1,600 Service Revenue 16,000 17.100 Rent Revenue 1,410 2.860 Salaries and Wages Expense 8,000 8,725 1.900 3.600 Rent Expense 700 00 Depreciation Expense Supplies Expense Utilities Expense 1,510 Interest Expense 850 1,510, 100 $53,810 $53,810 $56,435 $56,435 Prepare a balance sheet at September 30. (List Assets in order of liquidity) ALENA CO. Balance Sheet Assets
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