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Use the following trial halance dated Septamber 15 to complete the wexcrcise. Record the foumal entries and adjusting entries. Prepare a worksheet in Excef with formulas to aid in determining the adjusted trial balance and cornplefe the Finandal Statements for the quarter ending September 30 -income Statement, statement of changes in stockholders equity, Balance Sheet, and staternent of cash fows. Prepare closing entries and the post-closing trial balance. Create new acrounts as necessary. Joumalentries Record each of the following transactions in general journal format a. issued 5.000 shares of $1 par capital stock for $5 each b. Biled customers for services provided, $10,000 c. Purchased supplies on account; 53,000 d. Purchased inventory on account, 55,000 e. Paid monehily utility bili, 51.500 1. Splp nventory with a cost of $1,000 for $6,000 on account 8. Verited 20 percent incresse in market price of stock fi. Paid wases tor current month, 56,000 Purchase esulpment on $ept. 15 with a ilst price of $50,000 by making a 20 percent down. payment and finacingthe remainder w/ph a sox.menth 12 percent note payable colected cash fom curromers, 55,000 H paid vendoes 51,400 h. Paid wases for current month, 56,000 i. Purchase equipment on Sept. 15 with a list price of $50,000 by making a 20 percert down payment and finanoing the remainder with a six-month 12 percent note payable 1. Collected cash from customers, $5,000 k. Paid vendors, $1,400 Adjusting entries Record each of the following end-of-period entries a. The market value of the equipment had decreased by 30 percent of it's original cost. Depreciasion for the quarter totaled $1,000 b. Record the accrued interest on note payable attributable to the equipment c. The remaining note payable balance was signed on August 1, current year. Its interest rate was 10 percent, and no interest had been recorded since the signing and the note is due August 1, vear 2. d. Unpaid employee wages at September 30 totaled $1,000 e. Deferred fees represented a consulting contract signed at the beginning of September. The contract's duration is three months, and the work is spread evenly throughout the contract period. f. Supplies on hand totaled $150 B. The market value of capital stock had increased by 15%