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Swifty Golf Inc. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjusted trial balance and adjusted trial balance on September 30

Swifty Golf Inc. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjusted trial balance and adjusted trial balance on September 30 are shown here.

SWIFTY GOLF INC. TRIAL BALANCE SEPTEMBER 30, 2017

Unadjusted

Adjusted

Dr.

Cr.

Dr.

Cr.

Cash $7,003 $7,003
Accounts Receivable 383 1,031
Prepaid Rent 1,834 1,018
Supplies 1,310 266
Equipment 14,520 14,520
Accumulated Depreciation-Equipment $376
Notes Payable $5,300 5,300
Accounts Payable 1,131 1,131
Salaries and Wages Payable 643
Interest Payable 53
Unearned Rent Revenue 1,050 853
Common Stock 13,225 13,225
Retained Earnings 0 0
Dividends 626 626
Service Revenue 15,086 15,734
Rent Revenue 709 906
Salaries and Wages Expense 9,447 10,090
Rent Expense 930 1,746
Depreciation Expense 376
Supplies Expense 1,044
Utilities Expenses 448 448
Interest Expense 53
Totals

$36,501

$36,501

$38,221

$38,221

Prepare an income statement for the 3 months ending September 30. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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