Question 4 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. SALT CREEK GOLF INC. Trial Balance September 30, 2017 Unadjusted Adjusted Dr. Cr. Dr. cr $ 6,480 $6,480 Cash 490 1,350 Accounts Receivable 1,200 370 Supplies 1,780 390 Prepaid Rent 16,500 16.500 Equipment 330 Accumulated Depreciation-Equipment 5,500 5,500 Notes Payable 1,900 Accounts Payable 1,900 Salaries and Wages Payable 620 Interest Payable 55 1,330 660 Unearned Rent Revenue 13,500 13,500 Common Stock Retained Earnings 0 400 400 Dividends 18,600 19,460 Service Revenue 1,010 1.680 Rent Revenue 8,790 Salaries and Wages Expense 9,410 840 1,730 Rent Expense 330 De Expense 830 Supplies Expense 5,360 5,360 Utilities Expense 55 Interest Expense $41,840 $41,840 $43.705 $43,705 Journalize the adjusting entries that were made. (If no entry is required, select "No Entry" for the account titles and enter0 for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) entry is raquirad, salect "No Entry" for the account tities and enter O for the amounts. Crodit account tities are automatically indented whon the amount Jaurnalize the adjusting entrias that were made. (Ifr onterad. Do not indent manually.) Account Tities and Explanation Debit Credit (To rocord service rovonue eamad) (To record rent expersex (To record suooles usedh (To record monthly depredation) (To record interest on notes payable (To recnrd unoarred rent revenue camed: (To record accrued salaries) Prepare an income statement for the 3 manths ending September 30 SALT CREEK GOLF INC. Income Statement : : Prepere a reteined eernings statement for the 3 months ending September 30. (List items that in crease retained earnings first.) SALT CREEK GOLF INC. Retained Eamings Statement order of liquidity.) Prepare a classified balance sheet at September 30. (List current assets. SALT CREEK GOLF INC. Balanca Sheet Assets Liabilitios and Stockholders' Equity : Identify whichn accounts should 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 Salarles and Wages Expenser Rent Expense Deoreciation Expense Supplies Expense Utilities Expense Interest Expense If the note bears interest et 12 % , how many months has it been outsternding? monthis boan autstanding for The note h