Question Salt Creek Golf Inc. was organized on July 1, 2017. Quarterly financial statements are…

Question Salt Creek Golf Inc. was organized on July 1, 2017. Quarterly financial statements are…
Question Salt Creek Golf Inc. was organized on July 1, 2017. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30 is shown as follows. The $14,800 in the revenue column includes Service Revenue: $14,100 and Rent Revenue: $700. The $10,170 in the expense column includes Salaries and Wages $8,800, Rent $900, and Utilities $470.
  Instructions (a) Record the adjustments that were made. Include an explanation for each adjustment to revenue or expense. (b) Prepare an income statement and a retained earnings statement for the 3 months ending September 30 and a classified balance sheet at September 30. (c) If the note bears interest at 12%, how many months has it been outstanding? Solve May 18 2022 07:44 AM

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