Problem 3-7 Whispering Golf Inc. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjusted trial balance and adjusted trial balance on September 30 are shown here. WHISPERING GOLF INC. TRIAL BALANCE SEPTEMBER 30, 2017 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $7,125 $7,125 Accounts Receivable 390 970 Prepaid Rent 1,968 1,003 Supplies 1,126 203 Equipment 16,030 16,030 Accumulated Depreciation-Equipment $333 Notes Payable $4,600 4,600 Accounts Payable 1,032 Salaries and Wages Payable Interest Payable Unearned Rent Revenue 1,100 902 Common Stock 13,713 13,713 Retained Earnings Dividends 615 615 Service Revenue 15,472 16,052 Rent Revenue 734 932 Salaries and Wages Expense 7,952 8,589 Rent Expense 960 1,925 Depreciation Expense 333 Supplies Expense 923 Utilities Expenses 485 485 Interest Expense 46 Totals $36,651 $36,651 $38,247 $38,247 (a) Journalize the adjusting entries that were made. (b) Prepare an income statement for the 3 months ending September 30. (c) Prepare a retained earnings statement for the 3 months ending September 30. (d) Prepare a classified balance sheet at September 30. (e) Identify which accounts should be closed on September 30. (f) If the note bears interest at 12%, how many months has it been outstanding