in viruses. Unless you need to edit its As of September 31, 2020 $90,000 ASSETS LIABILITY Cash $160,000 Unearned Revenue $40,000 Accounts Rec. $90,000 Wags Payable $50,000 Supplies $2,000 Total Liability Prepaid Ins $3,000 EQUITY Total Assets S255,000 Common Stock $110,000 Retained Earnings $ 55,000 Total Equity Total Liability & Equity 1. Oct. 1 Werner purchase S6,000 of supplies on account. $165,000 $255,000 2. Oct. 2 Werner purchase equipment for $100,000, paid $10,000 in cash this date and signed a 12% note for the balance. Full payment of principle and interest in 2025. 3. Oct. 3 Werner paid $8,000 cash to cover the office rent for October and November. 4. Oct. 5 Werner billed clients for $25,000 of work performed. 5. Oct. 7 Werner paid employees $4,000 in cash. 6. Oct. 15 Werner sold 50,000 shares in Werner Stock for $200,000. 7. Oct. 20 Werner announced a dividend of $25,000 to be paid in December 24, 2020. 8. Oct. 30 The prepaid insurance listed on the ending balance sheet was a two year converge period and was placed on the balance sheet on September 30, 2020. 9. Oct. 30 Useful life of the equipment acquired on October 2 is 10 years. 10. Oct. 31. Balance on the supplies is $500. 11. Oct. 31 Income Tax Rate for Werner is 20%. 12. October 31 - Prepare Financial Statements for the Month of March