The trail balance sheet of Moe's Mowing, Inc is dated August 31, 2017 Assets Liabilities 6 Account Pavable Notes payable Account Receivable 400 Inventory Total current assts 2 8,900 Total Liabilities 7,500 building Shareholder's Equity Common Stocks Retained Earnin Total fixed asset 11,500 Total owner's equit 20,400 12,900 Total Liabilities and Shareholder's Equit Total Assets 20,400 5 During the month of September, the business incurred the following transactions 1. Deposited $5,000 cash in the business's bank account. The company received the cash and issued common stocks. / The company purchased a car for $1,750 on account from Melton Supply 3. 2. 25 The company bought equipment, paying cash, 1,750 4. The company purchased office supplies for $270 cash. The company provided services to the Walker Company for $1,800 on account. 6. 5. The company paid $500 to Melton Office Supply CD/p e company borrowed a short-term debt (notes payable) from the bank, $20,000 8. The company received $1,000 in cash for services provided to a new customer. 9. Shortly after opening the business, the company paid the month's rent of $650. 10 1% of the inventory has been expired, and it has no more economic value, it is record as bad 11. The company paid $ 100 cash to repair carue7 12. The company paid $450 cash in salary ss.as sns .Bought computer software from Moss Computer center, $740, paying $240 in cash and placing the balance on account 14 The company received$1,100 cash frorn Walker Company 15The owner purchased a car for his personal usage by S 14,000 cash. 16. The company sold 2% of its furniture for cash. 8 o 17 The company received and paid a bill from newspaper advertising from City News, $200 18. Declared and paid dividends of $600. 19. Collecting 70% of accounts receivable 20. 2.5 The company paid 35% of its accounts payable. 222Ci I o o Required . Record theses business transactions in Journal en 17 Open T-account in the ledger entry and enter these transactions, then close the T-account. Create the Financial statements (Income statement (2.5% Income tax statement, and Balance sheet) ), Retained earnings