P3-3A

lhal post the aljpasting entries Use 31 (c) Prepare an adjusted trial balance on May 31 I as the penting reference) Prepare an income statement and an owner's eqpuity statement for the mont of May and a balance sheet at May 31 p3-3A Alena Co. was organized on July 1, 2017. Quarterly financial statements are re pared. The unadjusted and adjusted trial balances as of September 30 are sheren bekrs ALENA co. Trial Balance September 30, 2017 Unadjusted Adjusted Dr Cr. Cr. $ 8,700 10,400 1,500 2,200 18,000 Cash Accounts Receivable s 8,700 11,500 650 500 18,000 Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Pavable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 10,000 2,500 S 700 10,000 2,500 725 100 450 22,000 1,900 22,000 1,600 1,600 17,100 16,000 1,410 2,860 8,000 1,900 8,725 3,600 700 850 1,510 1,510 $53,810 $53,810 $56,435 $56,435 nstructions o) Prepare an income statement and an owner's equity statement for the 3 months ending September 30 and a balance sheet at September 30. ) If the note bears interest at 12%, how many months has it been outstanding