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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

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 Adjusted
Dr. Cr. Dr. Cr.
Cash $ 8,700 $ 8,700
Accounts Receivable 10,400 11,500
Supplies 1,500 650
Prepaid Rent 2,200 1,200
Equipment 18,000 18,000
Accumulated DepreciationEquipment $ 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 1,050
Common Stock 22,000 22,000
Dividends 1,600 1,600
Service Revenue 16,000 17,100
Rent Revenue 1,410 2,260
Salaries and Wages Expense 8,000 8,725
Rent Expense 1,900 2,900
Depreciation Expense 700
Supplies Expense 850
Utilities Expense 1,510 1,510
Interest Expense 100
$ 53,810 $ 53,810 $ 56,435 $ 56,435

Prepare an income statement for the 3 months ending September 30

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