Question 4 July 1, 2017. Quarterly financial statements are prepared. The trial balance and adjusted trial balance are shown here. Salt Creek Golf Inc. was organized September SAL Trial Balance FINC. September 30, 2017 Unadjusted Adjusted 6,500 Cash 6.500 Accounts Receivable 630 1,280 1,200 420 Supplies 1,700 850 Prepaid Rent 16,000 16,000 Equipment ated Depreciation-Equipment 320 5,500 5.500 Notes Pavable 1.800 Accounts Payable 1,800 Salaries and Wages Payable 610 Interest Payable 55 Uneamed Rent Revenue 14.600 14.600 Retained Earnings Dividends 500 500 Service Revenue 17,600 18,250 1,140 1,810 Rent Revenue Salaries and Wages Expense 670 Depreciation Expense 320 Supplies Expense 780 Utlities Expense 5.870 5,870 Interest Expense 55 $42,110 $42,110 $43,745 $43,745 Joumalize the adjusting entriess that were made. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanatlon (To record service revenue earned) (To record service revenue eamed) (To record rent expense) (To record supplies used) (To record monthly depreciation) (To record interest n notes payable) (To record unearned rent revenue earned) (To record accrued salaries) ment for the 3 months ending September 30. Prepare an income SALT CREEK GOLF INC. Income Statement Prepare a retained earnings statement r the 3 months ending September 30. (List items that increase retained earnings first.) SALT CREEK GOLF INC. Retained Earnings Statement Prepare a classified balance sheet at September 30. (List current assets In order of llquldity.) 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 closed on September 30 Identify which accounts should 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)