*Problem 3-3A nombor Alena Co. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. ALENA CO. Trial Balance September 30, 2017 Unadjusted Dr. Cr. Cash $ 8,600 Accounts Receivable 10,300 Supplies 1,500 Prepaid Rent 2,150 Equipment 18,500 Accumulated Depreciation Equipment $ 0 Notes Payable 10,000 Accounts Payable 2,550 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,950 Owner's Capital 21,500 Owner's Drawings 1,650 Service Revenue 16,290 Rent Revenue 1,420 Salaries and Wages Expense 7,600 Rent Expense Depreciation Expense Supplies Expense Utilities Expense 1,460 Interest Expense $ 53,710 $ 53,710 Adjusted Dr. Cr. $ 8,600 11,600 700 1,200 18,500 $ 700 10,000 2,550 750 100 1,100 21,500 1,650 17,590 2,270 8,350 2,900 700 .800 1,460 100 1,950 $ 56,560 $ 56,560 Joumalize the annual adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 1300 Sept. 30 Accounts Receivable 1300 Service Revenue (To record revenue for services performed) Sept. 30 Rent Expense 950 Prepaid Rent 950 (To record prepaid rent) Sept. 30 Supplies Expense 800 800 Supplies Tee (To record supplies used) 700 Sept. 30 Depreciation Expense 700 Accumulated Depreciation-Equipment (To record monthly depreciation), 100 Sept. 30 Interest Expense 100 Interest Payable (To record interest on notes payable) 850 Sept. 30 Unearned Rent Revenue 850 Rent Revenue (To record rent eamed) 750 Sept. 30 Salaries and Wages Expense 750 Salaries and Wages Payable (To record accrued salaries and wages) Prepare an income statement for the 3 months ending September 30, 2017, ALENA CO. Income Statement For the Quarter Ended Sef Revenues 17590 $ Service Revenue 2270 Rent Revenue 19860 Total Revenues Expenses Salaries and Wages Expense 8350 Rent Expense 2900 700 Depreciation Expense 800 Supplies Expense Utilities Expense 1460 Interest Expense 100 14310 Total Expenses Net Income / (Loss) 5550 $ Prepare a statement of owner's equity for the 3 months ending September 30, 2017. (List items tha owner's equity first.) ALENA CO. Owner's Equity Statement For the Quarter Ended Ser Owners Capital 21500 5550 Net Income / (Loss) Add Net Income / (Loss) 15950 15950 Less Drawings 1650 Owners Capital, Prepare a balance sheet at September 30. (List Assets in order of liquidity.) ALENA CO. Balance Sheet September 30, 2017 Assets Cash Accounts Receivable Supplies Prepaid Rent Equipment Less Accumulated Depreciation-Equipment Total Property, plant and E Liabilities and Owner's Equity note bears interest at 12%, how many months has it been outstanding? Owners Capital, 21500 Net Income / (Loss) 5550 Add Net Income /(Loss) 15950 15950 Less Drawings 1650 Owners Capital, Prepare a balance sheet at September 30. (List Assets in order of liquidity.) ALENA CO. Balance Sheet September 30, 2017 Assets Cash Accounts Receivable Supplies Prepaid Rent Equipment Less Accumulated Depreciation-Equipment Total Property, plant and Liabilities and Owner's Equity note bears interest at 12%, how many months has it been outstanding? Nice has been uncing for