Here are the current account balances (Part 1 transactions not included) for Sharons Stones:

Income Statement account

Amount (dr/cr)

Balance Sheet account

Amount (dr/cr)

Sales Revenue

900 cr

Cash

4,330 dr

Service Revenue

150 cr

Accounts Receivable

450 dr

Cost of Goods Sold Expense

400 dr

Inventory

800 dr

Utilities Expense

220 dr

Equipment

3,000 dr

Accounts Payable

1,200 cr

Bank Loan

2,250 cr

Sharon, Capital

5,000 cr

Sharon, Withdrawals

300 dr

II) Make the necessary adjusting entries for the september month-end of sharon stones. Also, make a list of updated income statement and balance sheet accounts (and their dr/cr balances) after these adjustments are done.

Dr/Cr

Account name

Account balance

I/S or B/S