Income Statement account	Amount (dr/cr)
Sales Revenue	900 cr
Service Revenue	150 cr
Cost of Goods Sold Expense	400 dr
Utilities Expense	220 dr

Balance Sheet account	Amount (dr/cr)
Cash	4,330 dr
Accounts Receivable	450 dr
Inventory	800 dr
Equipment	3,000 dr
Accounts Payable	1,200 cr
Bank Loan	2,250 cr
Sharon, Capital	5,000 cr
Sharon, Withdrawals	300 dr

Q1. Make the necessary adjusting entries for the August month-end. Also, make a list of updated income statement and balance sheet accounts (and their dr/cr balances) after these adjustments are done. (also provide T entries)

Q2. Make the necessary adjusting entries for September month-end for Sharons Stones. Also, make a list of updated income statement and balance sheet accounts (and their dr/cr balances) after these adjustments are done. (also provide T entries)

Q3. Make the necessary closing entries at the end of September (quarter-end) for Sharons Stones.