Question 2:

On September 30, 2017, the Radison Avenue Incorporatedpost-closing trial balance was as follows. The company adjusts itsaccounts monthly.

Account	Debit	Credit
Cash	16,500
Accounts Receivable	14,200
Supplies	3,300
Equipment	17,900
Accumulated Depreciation – Equipment		4,550
Accounts Payable		3,200
Salaries Payable		1,800
Unearned Revenue		850
Common Shares		9,100
Retained Earnings		32,400
	$51,900	$51,900

During October, the following transactions were completed:

Paid $2,300 to employees for salaries due, of which $1,800 isfor September salaries payable and $500 for October

Issued common shares for $4,800

Received $11,200 cash from customers in payment of accounts

Received $12,700 cash for services performed in OctoberPurchased supplies on account, $675

Paid creditors $3,200 of accounts payable due

Paid October rent, $550

Paid salaries, $2,150

Performed services on account, $3,200

Paid a cash dividend, $600

Received $1,350 from customers for services to be provided inthe future

Adjustment data for the month:

1. Accrued salaries payable are $1,100

2. Unearned revenue of $850 was earned during the month

3. Income tax payable is estimated to be $600

Required:

In good format, and making whatever assumption you feelappropriate, prepare an accrual-based Income Statement andStatement of Financial Position (Balance Sheet) for the monthending October 2017.