Given your above average grade on the first BUS 285 term examination, you are confident about your knowledge of the accounting cycle and you are ready to get back to accounting for the transactions entered into by SCL. To ensure that SCL is generating an income sufficient to pay you a salary to cover the costs of attending university in future semesters, you plan to prepare ASPE compliant financial statements on a monthly basis. After journalizing the transactions that occurred between September 16 and 30, you prepared the following unadjusted trial balance: Squeaky Clean Ltd. Unadjusted Trial Balance September 30, 2020 Dr. Cr. Cash $10,920 Accounts receivable 16,380 Electrostatic sprayer 5,850 Laptop 1,050 Accounting software 550 Accounts payable $7,235 Deferred service revenue 8,000 Loan payable 10,000 Common shares 2,500 Service revenue 20,915 Purchases 13,210 Advertising expense 250 Wages expense 440 $48,650 $48,650 2020 Megan Costiuk You have also gathered the following additional information: In your files, you came across SCL's insurance policy. Although you paid the annual premium of $1,320 on September 1, you neglected to journalize the transaction. The policy provides coverage for property and casualty losses incurred from September 1, 2020 to August 31, 2021. After doing some research, you have determined that the electrostatic sprayer, laptop and accounting software will have useful lives of 10, 3 and 5 years, respectively. After consulting with your BUS 285 instructor, you have decided that SCL will record a full month of depreciation if an asset is used at any time during the month. The electrostatic disinfection services to which the deferred service revenue of $8,000 relates had been performed by September 30. On September 30, SCL received an advance from the Dr. John Archer Library at the University of Regina. The $12,500 advance payment guarantees that SCL will perform electrostatic disinfections of the main floor each weekend in October. Also on September 30, SCL paid the interest owing on the $10,000 loan payable to your parents. Interest only payments are required on the last day of every month at a rate of 2% per year. On the afternoon of September 30, you received a phone call from a small independent bookstore. That morning, the bookstore's owner was contacted by Saskatchewan Health about a customer who tested positive for COVID-19. The bookstore agreed to immediately close its doors such that SCL could perform an electrostatic disinfection. You performed the service that evening. The invoice for $750 you left on the bookstore's counter must be paid no later than October 31. Before you finished preparing and posting the adjusting journal entries, you decided to pay yourself $1,500 for work done in September. The payment will be made on October