Prepare the financial statements of Company on September 30, 2016

General Journal J1 Date Account Titles and Explanation Ref. Debit Credit 2016 Sept. 1 27,000 Cash Owner's Capital (Invested cash in business) 27,000 4 34,000 Equipment Cash Notes Payable (Paid cash and issued 2-year, 9%, note for equipment) 9,000 25,000 8 1,000 Rent Expense Cash (Paid September rent) 1,000 15 900 Prepaid Insurance Cash (Paid one-year liability insurance) 900 18 2,800 Cash Service Revenue (Received cash for delivery services) 2,800 20 500 Salaries and Wages Expense Cash (Paid salaries for current period) 500 25 100 Utilities Expense Accounts Payable (Received a bill for September utilities) 100 30 1,600 Owner's Drawings Cash (Withdrew cash for personal use) 1,600 30 4,500 Accounts Receivable Service Revenue (Billed customer for delivery service) 4,500