Oriole Company was organized on July 1, 2019. Quarterlyfinancial statements are prepared. The unadjusted and adjustedtrial balances as of September 30 are shown as follows.Journalize the adjusting entries that were made AND createan income statement, retained earnings, and balancesheet.
Oriole Company
Trial Balance
September 30, 2019 |
| | Unadjusted | | Adjusted |
| | Dr. | | Cr. | | Dr. | | Cr. |
| Cash | | $ 8,700 | | | | $ 8,700 | | |
| Accounts Receivable | | 10,500 | | | | 11,600 | | |
| Supplies | | 1,450 | | | | 700 | | |
| Prepaid Rent | | 2,150 | | | | 1,250 | | |
| Equipment | | 18,000 | | | | 18,000 | | |
| AccumulatedDepreciation—Equipment | | | | $0 | | | | $    750 |
| Notes Payable | | | | 9,500 | | | | 9,500 |
| Accounts Payable | | | | 2,450 | | | | 2,450 |
| Salaries and WagesPayable | | | | 0 | | | | 720 |
| Interest Payable | | | | 0 | | | | 95 |
| Unearned Rent Revenue | | | | 1,900 | | | | 1,000 |
| Common Stock | | | | 21,600 | | | | 21,600 |
| Dividends | | 1,600 | | | | 1,600 | | |
| Service Revenue | | | | 17,100 | | | | 18,200 |
| Rent Revenue | | | | 1,380 | | | | 2,280 |
| Salaries and WagesExpense | | 8,200 | | | | 8,920 | | |
| Rent Expense | | 1,850 | | | | 2,750 | | |
| Depreciation Expense | | | | | | 750 | | |
| Supplies Expense | | | | | | 750 | | |
| Utilities Expense | | 1,480 | | | | 1,480 | | |
| Interest Expense | | | | | | 95 | | |
| | $ 53,930 | | $ 53,930 | | $ 56,595 | | $ 56,595 |
