On September 1, Percy Equipment Repair had the beginning account balances presented in the attached T-accounts (Excel Template). During the month of September, the following transactions were completed:6

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 $2,100 for these services.

29 Received $650 from customers for future services.

At the end of the month the following adjustment were determined:

Supplies on hand $1,300.

Accrued salaries payable $300.

Depreciation is $100 per month.

Services related to unearned service revenue of $1,450 were performed.

Instructions:

Prepare a Trial Balance Journalize and post the adjusting entries

Prepare an Adjusted Trial Balance

Prepare the closing entries

JUST THE TRIAL BALANCE, ADJUSTING ENTRIES, ADJUSTED TRIAL BALANCE, AND CLOSING ENTRIES