Scenario:

Happy House Bakeshop opened for business on October 1, 2018. During the month of October, the following transactions occurred:

October 1: Issued $20,000 of common stock for $20,000 cash.

October 1: Purchased a delivery van for $11,000. Paid $4,000 in cash and borrowed the remainder (long-term) from the bank.

October 3: Purchased baking supplies for $900 on account.

October 5: Paid $1,800 on a one-year insurance policy, effective October 1.

October 12: Billed customers $4,800 for baking services.

October 18: Paid $1,500 of the amount owed on the van.

October 18: Paid $500 of the amount owed on baking services.

October 20: Paid $1,700 for employee salaries.

October 21: Collected $1,200 from customers billed on October 12.

October 25: Billed customers $1,900 for baking services.

October 31: Paid gas and oil for the month on the delivery, $500.

October 31: Paid an $800 dividend.

Adjustments:

(a) Earned but unbilled fees at October 31 were $2,500

(b) Depreciation for the month was $500

(c ) One-twelfth of the insurance expired

(d) An inventory count showed $300 of cleaning supplies remaining on October 31

(e) Accrued but unpaid employee salaries were $500

Please complete the following tasks:

1. Post the October transactions to the general journal.
2. Post the adjusted transactions to the general journal. Display a separate general journal including the adjusted transactions.
3. Post T accounts to the general ledger.
4. Complete the Unadjusted Trial Balance.
5. Complete the Adjusted Trial Balance.

(ALREADY COMPLETED SEE ATTACHED PICTURES)

Need the following answered:

1. Complete Income Statement
2. Complete Statement of Retained Earnings
3. 

\fA B C D E F G H J K M N O P R S 1 T-Accounts to general ledger Revenue Gas & oil expense Cash Equipment:Van Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit 31-Oct 6700 12-Oct 4800 31-Oct 500 31-Oct 500 1-Oct 20000 1-Oct 4000 1-Oct 11000 31-Oct 11000 25-Oct 1900 21-Oct 1200 5-Oct 1800 Depreciation expense 31-Oct 10400 18-Oct 1500 Salary Payable Supplies Date Debit Date Credit 18-Oct 1500 Date Debit Date Credit Date Debit Date Credit 31-Oct 500 31-Oct 500 20-Oct 1700 31-Oct 500 31-Oct 500 3-Oct 900 31-Oct 600 31-Oct 500 31-Oct 300 Bank Loan 31-Oct 80O 0 Insurance expense Date Debit Date Credit Date Debit Date Credit Supplies expense 18-Oct 1500 1-Oct 7000 5-Oct 1800 31-Oct 1650 Date Debit Date Credit 31-Oct 5500 3 31-Oct 600 31-Oct 600 4 Prepaid insurance Salaries expense 5 Date Debit Date Credit Dividend Date Debit Date Credit 16 31-Oct 1650 31-Oct 1650 Date Debit Date Credit 20-Oct 1700 31-Oct 2200 7 31-Oct 800 31-Oct 800 31-Oct 500 8 Common stock 9 Date Debit Date Credit Accounts payable Accounts receivable 31-Oct 20000 1-Oct 20000 Date Debit Date Credit Date Debit Date Credit 18-Oct 500 3-Oct 900 12-Oct 4800 21-Oct 1200 2 Accumulated Depreciation 31-Oct 400 25-Oct 1900 31-Oct 5500 Date Debit Date Credit 4 31-Oct 500 31-Oct 500Unadjusted Trial Adjusted Trial Account Balance Adjusting Enities Balance Debit( & ) Credit ( & ) Debit( & ) Credit ( & ) Debit( & ) Credit ( & ) Cash 10.400.00 10.400.00 Accounts Receivable 5,500.00 5,500.00 Baking Supplies 900.00 600.00 300.00 Prepaid Insurance 1,800.00 150.00 1,650.00 Delivery Van 11.000.00 500.00 10,500.00 Accounts Payable 400.00 400.00 Salaries Payable 500.00 500.00 Bank Loan 5,500.00 5,500.00 Common Stock 20,000.00 20,000.00 Dividend 800.00 800.00 Unbilled Service Revenue 2,500.00 2,500.00 Service Revenue 6.700.00 2,500.00 9.200.00 Gas & Oil Expenses 500.00 500.00 Baking Supplies Expenses (900-300) 600.00 600.00 Depreciation expenses 500.00 500.00 Insurance Expenses (1800/12) 150.00 150.00 Salaries Expenses 1,700.00 500.00 2,200.00 32,600.00 32,600.00 4.250.00 4.250.00 35,600.00 35,600.00