Problem 4-4A Salt Creek Golf Inc. was organized on July 1, 2017. Quarterly financial statements are prepared. The trial balance and adjusted trial balance on September 30 are shown here. Adjusted Dr. Cr. $ 6,350 1,170 350 850 18,000 $ 360 6,000 1,700 630 SALT CREEK GOLF INC. Trial Balance September 30, 2017 Unadjusted Dr. Cr. Cash $ 6,350 Accounts Receivable 540 Supplies 1,200 Prepaid Rent 1,700 Equipment 18,000 Accumulated Depreciation-Equipment Notes Payable $ 6,000 Accounts Payable 1,700 Salaries and Wages Payable Interest Payable Unearned Rent Revenue 1,480 Common Stock 17,000 Retained Earnings 0 Dividends 550 Service Revenue 16,700 Rent Revenue 1,020 Salaries and Wages Expense 8,810 Rent Expense 800 Depreciation Expense Supplies Expense Utilities Expense 5,950 Interest Expense $43,900 $43,900 60 880 17,000 0 550 17,330 1,620 9,440 1,650 360 850 5,950 60 $45,580 $43,900 $45,580 Journalize the adjusting entries that were made. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service revenue earned) (To record rent expense) (To record supplies used) (To record monthly depreciation) (To record interest on notes payable) (To record unearned rent revenue earned) (To record accrued salaries) Prepare an income statement for the 3 months ending September 30. SALT CREEK GOLF INC. Income Statement $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a retained earnings statement for the 3 months ending September 30. (List items that increase retained earnings first.) SALT CREEK GOLF INC. Retained Earnings Statement S Prepare a classified balance sheet at September 30. (List current assets in order of liquidity.) SALT CREEK GOLF INC. Balance Sheet Assets $ Liabilities and Stockholders' Equity $ Identify which accounts should be closed on September 30. Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense If the note bears interest at 12%, how many months has it been outstanding? The note has been outstanding for month(s)