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On September 1, Percy Equipment Repair had the beginning account balances presented in the attached Taccounts (Excel Template). During the month of September, the following

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On September 1, Percy Equipment Repair had the beginning account balances presented in the attached Taccounts (Excel Template). During the month of September, the following transactions were completed: At the end of the month the following adjustment were determined: 1. Supplies on hand $1,300. 2. Accrued salaries payable $300. 3. Depreciation is $100 per month. 4. Services related to unearned service revenue of $1,450 were performed. Instructions a) Journalize the September transactions b) Post the journal entries to the T-accounts (Use Excel Template) c) Prepare a Trial Balance d) Journalize and post the adjusting entries e) Prepare an Adjusted Trial Balance f) Prepare an Income Statement, Statement of Owner's Equity and a Balance Sheet as of September 30 g) Prepare the closing entries \begin{tabular}{l|l} \hline \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Accounts Receivable [112] Boll Bal \begin{tabular}{|c|c} \multicolumn{2}{c}{ Supplies [126] } \\ \hline 2,000 & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Bal Equipment [153] Accumulated Depreciation (15.4) \begin{tabular}{|l|l} \hline 15,000 & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|r} \hline Salary \& Wares Payable (212) \\ \hline & 500 Bai \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Depredation Expense (650) \begin{tabular}{l|l} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Rent Expense (603] \begin{tabular}{l|l} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Owner's Capital (301) Supplies Expense 1670 Service Revenue (401) \begin{tabular}{l|l} \hline \multicolumn{2}{c|}{ Service fievenue (401)} \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \end{tabular}

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