*Problem 3-3A Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below EVERETT CO Trial Balance September 30, 2015 Unadjusted Cr Adjusted Dr Dr Cr Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Uncamed Rent Revenue Common Stock Dividends Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplics Expense Utilities Expense Interest Expense S 8,709 10,485 1,508 2,203 18,300 8,709 11,594 1,184 18,300 $722 9,200 2,459 741 92 1,017 22,220 9,200 2,459 1,868 22,220 1,582 1,582 17,201 1,372 18,310 2,223 8,175 1,855 8,917 2,874 722 848 1,502 92 1 , 502 54,320 54,320 $ 56,984 56,984 Jaumalize the annual adjusting entries that were made. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanatlon Sept. 30 Debit Credit (To record accrued revenue.) Sept. 30 (To record prepaid rent.) Sept. 30 Joumalize the annual adjusting entries that were made. (Credit account titles are atmatically indented when the amount is entered. Do not indont manually) Date Account Titles and Explanation Debit Credit Sept. 30 To record accrued revenue.) Sept. 30 (To record prepald rent.) Sept. 30 To record supplies used.) Sept. 30 (To record depreciation.) Sept. 30 (To record interest.) Sept. 30 (To record uneamed rent revenue.) Sept. 30 (To record eccrued selaries.) Prepare an income statement for the 3 months ending September 30, 2015. EVERETT CO Income Statement For the Quarter Ended September 30, 2015 Prepare an income statement for the 3 months ending September 30, 2015. EVERETT CO. Income Statement For the Quarter Ended September 30, 2015 Prepare a statement of retained earnings for the 3 months ending September 30, 2015. (List items that Increase retained earnings first.) EVERETT co. Retained Earnings Statement For the Quarter Ended September 30, 2015 Prepare a belance sheet at September 30. (List assets in order of liquidity.) EVERETT Co. Balance Sheet September 30, 2015 Assets Prepare a balance shee at September 30. (List assets in order of liquidity.) EVERETT co. Balance Sheet September 30, 2015 Assets Liabilities and Stockholders' Equity If the note bears interest at 12%, how many months has it been outstanding? Note has bcen outstanding for month(s)
