will someone please help me solve these??

Tony's Dquipment Rental Inc (IBRT) Inc (CER) for the purpose of operating an equipment rental yard. The new business wes Able to begin operntions immediately by purehasing the assets and tafing over the loeation of Rent-It, an equipment rental company that was going out of business. TERI uses the following chart of eccounts: Assetst Cash, Accounts Receivable, Prepaid Rent, Orice Supplies, Rental Equpment, Aceumulated depreciation: Rental Bquipmeat Thabilities: Notes Rayable, Accounts Payable, Interest Payable, Salaries Payable, Uneamed Rental Fees Shareholder's Equity: Common Shares, Retained Bamings, Dividends Revenuest Rental Fees Bamed B.penses: Salaries Bxpense, Maintenance Expense, Utilities Expense, Rent Expense, Ofice Supplies Expense, Depreciation Bxpense, Interest Expense In September, the company entered the following transactions: Sept 1 Issued common shares to Tony Fertil and other investors in exchange for $100,000cash. Sept 1 Paid $9,000 to Wellington Realty as three months' advance rent on the rental yerd and office formerty oceupied by Rent-It Sept 1 $70,000 nsefinltife. Purchased for $180,000 all the equipment formetly owned by Rent-lt. Paid cash and issued a one-year note payable for $110,000, plus interest at the annual rate of 9%. This rental equipment is estimated to have a 10 -year Sept 4 Purchased office supplics on account from Modern Ofiice Co, S1,630. Payment due in 30 days. (These supplies are expected to last for several months.) Sept 8 Received $10,000 cash from MoFadden Construction Co. as advance peyment for equipment rental. Sept 12 Paid calaries for the first two weeks in September, $3,600. Sept 15 Excluding the McFidden edvance, ceuipment rental fees camed during the first 15 days of September amounted to $6,100, of which 55,300 was recelved in cush end 5800wns an eccount recolvebla Sept 17 Purchased on eccount fiom Barth Movers, foc, 5340 in parts needed to repaif arental trector. Rayment is duc in 10 days. Sept 23 Collected $210 of the accounts receivable recorded on September 15. Sept 26 Rented a backhoe to Mission Landscaping at a price of $100 per day, to be paid when the backhoe is retumed. Mission Landscaping expects to keep the backtioe for about two or three weeks. Sept 26 Paid biweekly salaries, $3,600. Sept 27 Paid the account payable to Earth Movers, Inc, 3340. Sept 28 Paid dividends of 52,000cash. Sept 30 Received a bill for utilities expense for the month of September, $270. Payment is due in 30 days. Sept 30 Cash received from equipment rental during the second half of September, 36,450 . The information available on September 30 is as follows: the office supplies on hand are estimated at S1,100; S4,840 of the advance payment from MoFadden Construction Ca. has been earned; salaries eamed by employees since the last payroll are $900. Instrections Prepare journal entries for the above transactions in September and post the transactions to the ledger, using T-accounts and adding any new accounts which you need. You may omit narntives to the journal entries. Prepare adjusting jourmal entries and post the edjustments to the Taccounts, adding any new eccounts which you need. Note that somo of the adjusting entries cen be dectived from the information provided in the various transactions from September 1 to September 30, in addition to the information available on September 30 . Brepare s statement of camings (income statement) for the month of September in g od form. Brepare e statement of retained enrnings for the month of September in good form. Brepare e classified statement of financial position (balance sheet) as of September? 30 in sood form, Brepare closing entries es of September 30 . Questions to Answer: 1.What is the impact on financial statements (are income, assets, liabilities overstated, understated or not affected) if the equipment is estimated (on September 1) to have a useful life of 20 years instead of 10 years ? 2.Are there any ethical implications in lengthening the usefil tife of the asset 2 List the stakeholders who could be affected by such a change and briefly discuss how they could be affected