On September 1, 20X1, the account balances of Rand Equipment Repair, Inc. were as follows.

No. Debits No. Credits

101 Cash 14,580 154 Accumulated Depreciation 1,500

112 Accounts Receivable 3,520 201 Accounts Payable 3,400

126 Supplies 2,000 210 Notes Payable 10,000

131 Prepaid Insurance 300 212 Unearned Service Revenue 1,400

153 Store Equipment 15,000 213 Salaries Payable 500

311 Share Capital-Ordinary 15,000

320 Retained Earnings 3,600

35,400 35,400

Sept.8Paid 1,300 for salaries due employees, of which 800 is for September.

9Shareholders invested 10,000 cash in the business in exchange for ordinary shares.

10Received 1,000 cash from customers for services billed in August.

12Received 3,200 cash for services performed in September.

15Purchased store equipment by cash 3,000.

17Purchased supplies on account 1,100.

20Paid 4,000 for accounts payable due.

25Paid salaries 1,150for September.

27Performed services on account and billed customers for services provided 1,800.

28Declared and paid a 600 cash dividend.

29Received 750 from customers for future service.

30Paid rent 1500 for 1 September to 30 November.

Adjustment data consist of:

1. A count of supplies on September 30, 20X1 indicates that supplies on hand 1,300.
2. Accrued salaries payable 800.
3. Depreciation is 150 per month.
4. Unearned service revenue on 30 September is 1,500.
5. The prepaid insurance is the cost of a fully paid 12-month insurance policy, effective January 1, 20X1.
6. There is only one note payable which is a 10,000 18%, 9-month note dated September 1, 20X1. (Note: 18% is the annual rate)

Question

Prepare Journal and Trial Balance