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You have decided to start a service company. You will bill you customers based on an hourly rate. you charge $$175$ per hour$)?$

Since this is the first month of operations, you will start with a Retained Earnings balance of $$0.$ The project file shows your chart of accounts but you will need to classify them by account type and financial statement.

The following transactions occurred during the month of September $($use accounts listed on your chart$)$:

Sept $1$ You contributed $$150,000$ cash to your business and you are the only stockholder.

Sept $5$ Received a bank loan of $$75,000$ payable in $5$ years.

Sept $6$ Purchased and paid $$42,500$ for a car to use in the business.

Sept $7$ Signed a lease on a building and prepaid $12-$months rent for $$36,000.$

Sept $10$ Purchased a one$-$year insurance policy for the next year for $$15,600.$

Sept $12$ Purchased office supplies for $$2,500$ to setup the office. You will pay for these in $30$ days.

Sept $15$ Performed work for customers. You completed $70$ hours of work and received payment immediately. Hint: For amount, multiply $40$ hours x amount you charge per hour.

Sept $20$ Received utility bill for this month for $$275$ payable on October $15.$

Sept $22$ Performed work for customers. You completed $125$ hours of work and will receive payment within the next $30$ days. Hint: For amount, multiply hours x amount you charge per hour.

Sept $25$ Paid your employee for work performed salary of $$3,500.$

Sept $27$ Paid the utility bill received on Sept $20.$

Sept $28$ Received payment from customers for $$17,450$

Sept $29$ Paid Dividends of $$1,500$

Part $1$:

$1.$ Prepare an Unadjusted Trial Balance

$2.$ Prepare an adjusting journal entries at the end of each month.

Using the information below, prepare the adjusting journal entries:

a$)$ Supplies on hand are $$650.$

b$)$ One month of insurance has expired or been used.

c$)$ One month of depreciation on the car is $$625.$

d$)$ One month of rent has been used or passed.

e$)$ Accrued interest for one month on the bank loan is $$500.$ This will be paid quarterly $($hint: you are recording the September amount only$).$

I need help with preparing the unadjusted and adjusted journal entries based on information provided

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