On August 31, 2023, the Spirit Equipment Repair Corp.'s post-closing trial balance was as follows. Account...

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On August 31, 2023, the Spirit Equipment Repair Corp.'s post-closing trial balance was as follows. Account Debit Credit Cash $8,800 AR 6,550 Supplies 3,200 Equipment 35,000 Accumulated Depreciation Equipment $3,500 AP 6,050 Salaries Payable 4,000 Unearned Revenue Common Shares Retained Earnings Total 2,300 21,200 16,500 $53,550 $53,550 During September the following transactions were completed: Sep 4 Paid employees $6,500 for salaries due, of which $4,000 was for August salaries payable and $2,500 for September. Sep 6 Received $4,000 cash from customers in payment of accounts. Sep 11 Received $9,100 cash for services performed in September. Sep 12 Sold common shares for $12,500. Sep 21 Paid creditors $4,200 of Accounts Payable due. Sep 24 Paid September and October rent, $2,500 ($1,250 per month). Sep 25 Paid salaries, $6,500. Sep 26 Performed services on account, $1,650. Sep 27 Received $1,750 from customers for services to provided in the future. Sep 28 Paid a cash dividend, $600. Sep 28 Paid income tax for the month, $225. Required: 1. Prepare an income statement for the month of September. 2. Prepare a statement of financial position at September 30. On August 31, 2023, the Spirit Equipment Repair Corp.'s post-closing trial balance was as follows. Account Debit Credit Cash $8,800 AR 6,550 Supplies 3,200 Equipment 35,000 Accumulated Depreciation Equipment $3,500 AP 6,050 Salaries Payable 4,000 Unearned Revenue Common Shares Retained Earnings Total 2,300 21,200 16,500 $53,550 $53,550 During September the following transactions were completed: Sep 4 Paid employees $6,500 for salaries due, of which $4,000 was for August salaries payable and $2,500 for September. Sep 6 Received $4,000 cash from customers in payment of accounts. Sep 11 Received $9,100 cash for services performed in September. Sep 12 Sold common shares for $12,500. Sep 21 Paid creditors $4,200 of Accounts Payable due. Sep 24 Paid September and October rent, $2,500 ($1,250 per month). Sep 25 Paid salaries, $6,500. Sep 26 Performed services on account, $1,650. Sep 27 Received $1,750 from customers for services to provided in the future. Sep 28 Paid a cash dividend, $600. Sep 28 Paid income tax for the month, $225. Required: 1. Prepare an income statement for the month of September. 2. Prepare a statement of financial position at September 30.