Company GHI's Trial Balance as of September 30, 2024:

Account Title	Debit ($)	Credit ($)
Cash	60,000
Accounts Receivable	35,000
Prepaid Insurance	10,000
Office Equipment	75,000
Accumulated Depreciation		15,000
Accounts Payable		25,000
Notes Payable		45,000
Common Stock		85,000
Retained Earnings		25,000
Service Revenue		100,000
Salaries Expense	30,000
Rent Expense	12,000
Utilities Expense	6,000
Insurance Expense	4,000
Dividends	8,000

Requirements:

1. Prepare the adjusted trial balance for Company GHI.
2. Prepare the income statement for the quarter ended September 30, 2024.
3. Prepare the statement of retained earnings for the quarter ended September 30, 2024.
4. Prepare the balance sheet as of September 30, 2024.
5. Identify any discrepancies and explain how they should be rectified.