Lausanne Co., Inc. was organized on July 1, 2014. Quarterly fi nancial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. Lausanne Co., Inc. Trial Balance September 30, 2014 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash CHF 8,700 CHF 8,700 Accounts Receivable 10,400 11,500 Supplies 1,900 650 Prepaid Rent 2,200 1,200 Equipment 20,000 20,000 Accumulated Depreciation—Equipment CHF –0– CHF 1,125 Notes Payable 10,000 10,000 Accounts Payable 3,200 3,200 Salaries and Wages Payable –0– 725 Interest Payable –0– 100 Unearned Rent Revenue 1,900 1,050 Share Capital—Ordinary 22,000 22,000 Dividends 1,000 1,000 Service Revenue 16,800 17,900 Rent Revenue 1,710 2,560 Salaries and Wages Expense 8,000 8,725 Rent Expense 1,900 2,900 Depreciation Expense 1,125 Supplies Expense 1,250 Utilities Expense 1,510 1,510 Interest Expense 100 CHF55,610 CHF55,610 CHF58,660 CHF58,660 Instructions (a) Journalize the adjusting entries that were made. (b) Prepare an income statement and a retained earnings statement for the 3 months ending September 30 and a statement of fi nancial position at September 30. (c) If the note bears interest at 12%, how many months has it been outstanding?