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entries and financial P3.3A (LO 2, 3, 4) Everett Co. was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted

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entries and financial P3.3A (LO 2, 3, 4) Everett Co. 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. Everett Co. Trial Balance September 30, 2020 Unadjusted Dr. Adjusted Dr. $ 8,700 11,500 $ 8,700 10,400 1,500 2.200 18,000 650 1.200 18.000 $-0- 10,000 2,500 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Common Stock Dividends Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense $ 700 10.000 2,500 725 100 1,050 22.000 1.900 22,000 1.600 1.600 16,000 1,410 17.100 2.260 8,000 1,900 8,725 2.900 700 850 1,510 100 $56,435 1,510 $53,810 $53.810 $56,433 4,575 ned 975 $39,350 Instructions a. Journalize the adjusting entries that were made. b. Prepare an income statement and a retained earnings statement for the 3 months ending September 30 and a balance sheet at September 30. c. If the note bears interest at 12%, how many months has it been outstanding

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