On September 1, 2008, the account balances of Rand Equipment Repair were as follows. No. Debits No. Credits 101 Cash $4,880 154 Accumulated Depreciation $1,500 112 Accounts Receivable 3,520 201 Accounts Payable 3,400 126 Supplies 2,000 209 Unearned Service Revenue 1,400 153 Store Equipment 15,000 212 Salaries Payable 500 301 J. Rand, Capital 18,600 $25,400 $25,400 During September the following summary transactions were completed. Sept. 8 Paid $1,400 for salaries due employees, of which $900 is for September. 10 Received $1,200 cash from customers on account. 12 Received $3,400 cash for services performed in September. 15 Purchased store equipment on account $3,000. 17 Purchased supplies on account $1,200. 20 Paid creditors $4,500 on account. 22 Paid September rent $500. 25 Paid salaries $1,250. 27 Performed services on account and billed customers for services provided $1,500. 29 Received $650 from customers for future service. Adjustment data consist of: Supplies on hand $1,200. Accrued salaries payable $400. Depreciation is $100 per month. Unearned service revenue of $1,450 is earned. Instructions (a) Enter the September 1 balances in the ledger accounts. (b) Journalize the September transactions. (c) Post to the ledger accounts. Use J1 for the posting reference. Use the following accounts: No. 407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense, No. 726 Salaries Expense, and No. 729 Rent Expense. (d) Prepare a trial balance at September 30. (e) Journalize and post adjusting entries. (f) Prepare an adjusted trial balance. (g) Prepare an income statement and an owners equity statement for September and a balance sheet at September 30.