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Question 2 CA Laboratory Co, adjusts and closes its accounts at the end of each month The Trial balance at September 30, 2018, before adjustments is as follows: Credit Cash SIR200 27 5.000 1.200 21.300 3.000 Medical Fees Receivable Prepaid Rent Office Supplies Medical Equipment Accumulated Dencio Medical Equipment Account Payable Notes Payable Uncured Medical Fees Capital Stock Retained Earnings Dividends Medical Fees Eamed Salaries Expanse Utilities Expense Insure Expense 14.000 16.000 31.000 14 000 2000 SO50,00 SOCO The following information relates to month and adjustments a) Office supplies on hand September 30 mounted to 5300 b) The useful life of the medical equip was estimated to the 20 years with no residual value c) Many patients pay in advance for major medical procedures Foes of S6,000 were earned during the month by performing procedures on puis who had paid in advance d) Salaries canned by employees during the month but not yet recorded amounted to $2.100 e) On September 1. CA Laetery Chad moved and paid 2 's mentin advance 1) Medical procedures performed during the month but not yet billeder recorded amounted to 54.600. Required Prepare the journal en adjusting entries required at September 2018.014 marks) b. Asat September 30, 2018, prepare 1. Income atment (Il marks) 2 Statement of Retained earnings (marks) and Balance Sheet (15 marks) (It is advised to use worksheet to calculate the adjusted trial balance for preparing the financial statements)

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