balance sheet

sand P3-30 Renn 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 Probleme set C3 RENN CO. Trial Balance September 30, 2017 Unadjusted Dr. Cr. Cash $ 6,700 Accounts Receivable 400 Supplies 1,200 Prepaid Rent 1.500 Equipment 15,000 Accumulated Depreciation-Equipment Notes Payable $ 5,000 Accounts Payable 1.510 Salaries and Wages Payable Interest Payable Uneamed Rent Revenue 900 Owner's Capital 14,000 Owner's Drawings 600 Service Revenue 14,000 Rent Revenue 400 Salaries and Wages Expense 9.00 Rent Expense 900 Depreciation Expense Supplies Expense Utilities Expense SIO Interest Expense $35,810 $35.810 Adjusted Dr. Cr. $ 6,700 900 1.000 900 15.000 $350 5,000 1,510 600 50 500 14.000 600 14,500 800 9,600 1.500 350 200 510 50 $37,310 $37,310 Instructions (a) Journalize the adjusting entries that were made. (b) Prepare an income statement and an owner's equity statement for the 3 months ending Net Income $3,090 September 30 and a balance sheet at September 30, Ending capital 516,450 (c) If the note beans interest at 12%, how many months has it been outstanding? Total assets 534,150 C D E F G H 1 K 0 1-28 ASSETS M N OWNER'S EQUITY LIABILITIES . Explanation Trans- action Accounts Recievable Notes Payable Owner's Capital Cash- Supplies Equipment Accounts Payable Owner's Drawings + Revenue Expense