(C)

Need Help on (b3) & (C) Please

Kingbird, Inc. was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows. Kingbird, Inc. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $8,700 Accounts Receivable 10,400 Supplies 1,550 Prepaid Rent 2,200 Equipment 18,800 Accumulated Depreciation-Equipment $ 0 Notes Payable 9,600 Accounts Payable 2,450 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,950 Common Stock 22,100 Dividends 1,650 Service Revenue 16,800 Rent Revenue 1,400 Salaries and Wages Expense 7,600 Rent Expense 1,900 Depreciation Expense Supplies Expense Utilities Expense 1,500 Interest Expense $ 54,300 $ 54,300 Adjusted Dr. Cr. $8,700 11,600 600 1,250 18,800 $ 700 9,600 2,450 740 96 1,050 22,100 1,650 18,000 2,300 8,340 2,850 700 950 1,500 96 $ 57,036 $ 57,036 Your answer is correct. ournalize the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do ot indent manually.) Debit Credit 1200 1200 950 950 950 950 700 Date Account Titles and Explanation Sept. Accounts Receivable 30 Service Revenue (To record accrued revenue.) Sept. Rent Expense 30 Prepaid Rent (To record prepaid rent.) Sept. Supplies Expense 30 Supplies (To record supplies used.) Sept. Depreciation Expense 30 Accumulated Depreciation Equipment (To record depreciation.) Sept. Interest Expense 30 Interest Payable (To record interest.) Unearned Rent Revenue 30 Rent Revenue (To record unearned rent revenue.) Sept. Salaries and Wages Expense 30 Salaries and Wages Payable (To record accrued salaries.) 700 96 96 Sept. 900 900 740 740 (61) Your answer is correct. Prepare an income statement for the 3 months ending September 30. Kingbird, Inc. Income Statement For the Quarter Ended September 30, 2020 Revenues Service Revenue 18000 2300 Rent Revenue Total Revenues 20300 Expenses