On September 1, 2020, the account balances of Tom Cruise Repair, Inc. were as follows.

During September, the following summary transactions were completed.

Sept. 8 Paid 1,700 for salaries due employees, of which 1,200 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 1,050.

27 Performed services on account and billed customers for services provided 1,600.

29 Received 750 from customers for future service.

Adjustment data consist of:

1. Supplies on hand 1,700.

2. Accrued salaries payable 400.

3. Depreciation is 140 per month.

4. Unearned service revenue of 1,450 is recognized for services performed.

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 additional accounts: No. 400 Service Revenue, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 726 Salaries and Wages 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 a retained earnings statement for September and a statement of financial position at September 30.

Need help with e) f) g)

Problem 3: On September 1, 2020, the account balances of Tom Cruise Repair, Inc. were as follows. No Debit No Credit 101 Cash 4,880 158 Accumulated Depreciation 2,100 Equipment 112 Accounts 3,520 201 Accounts Payable 3,400 Receivable 126 Supplies 2,000 209 Unearned Service Revenue 1,400 157 Equipment 18,000 212 Salaries and Wages Payable 500 311 Share Capital-Ordinary 10,000 320 Retained Earnings 11,000 28,400 28,400 During September, the following summary transactions were completed. Sept. 8 Paid 1,700 for salaries due employees, of which 1,200 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 1,050. 27 Performed services on account and billed customers for services provided 1,600. 29 Received 750 from customers for future service. Adjustment data consist of: +