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Problem On September 1, 2021, the following were the account balances of YZX Pro Ltd. Debit Cash $12,500 Accounts Receivable 2,910 Notes Receivable 4,000 Supplies

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Problem On September 1, 2021, the following were the account balances of YZX Pro Ltd. Debit Cash $12,500 Accounts Receivable 2,910 Notes Receivable 4,000 Supplies 1,030 Inventory 500 Equipment 10,000 $30,940 Credit Accumulated Depreciation - Equipment $600 Accounts Payable 3,300 Unearned Service Revenue 1,260 Salaries and Wages Payable 1,500 Share Capital - Ordinary 16,300 Retained Earnings 7,980 $30,940 During September, the following summary transactions were completed. Sep 1: Paid rent for months September to December for a total of $1,600. Sep 4: Received $2,500 cash from customers in payment on account. Sep 10: Paid $3,500 for salaries due employees, of which $2,000 is for September and $1,500 is for August salaries payable. Sep 12: Received $2,000 cash for services performed in September. Sep 17: Purchased equipment on account $15,000. Sep 19: Received $800 from customers for services to be performed in the future. Sep 20: Paid creditors $4,000 of accounts payable due. Sep 21: Paid $2,000 cash for employees' salaries. Sep 25: Purchased supplies on account for $1,000 Sep 27: Billed customers $5,300 for services performed. Sep 30: Paid $500 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during October. Adjustment data: 1. A count shows supplies on hand of $900. 2. Accrued but unpaid employees' salaries are $900. 3. Depreciation on equipment for the month is $1,000 4. Services were performed to satisfy $1,500 of unearned service revenue. 5.6. One month of interest revenue related to the $4,000 note receivable has accrued. The 3- month note has an 8% annual interest rate. Chart of accounts: In addition to the accounts shown above in the table, YZX's chart of accounts includes Prepaid Assets, Interest Receivable, Service Revenue, Interest Revenue, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. a. Journalize the September transactions. b. Post to the ledger accounts. C. Prepare a trial balance at September 30. d. Journalize and post adjusting entries. e Prepare an adjusted trial balance. f. Prepare an income statement and a retained earnings statement for September and a classified statement of financial position at September 30. g. Journalize and post-closing entries and complete the closing process. h. Prepare a post-closing trial balance at September 30

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