Please see attached picture for the question.

Instructions

a.T accounts and enter the August 31 balances.

b.Journalize the September transactions.

c.Post to T accounts.

d.trial balance at September 30.

e.Journalize and post adjusting entries.

f. adjusted trial balance at September 30.

g. income statement and a statement of owner's equity, and a classified balance sheet.

h. post closing entries.

i.Prepare post-closing trial balance at September 30.

During September, the following transactions were completed Sept. 1 Borrowed $10,000 from the bank and signed a two-year, 5% note payable. 2 Paid September rent, $500. 8 Paid employee salaries, $1,050. 12 Received $1,500 cash from customers on account. 15 Received $5,700 cash for services performed in September. 17 Purchased additional supplies on account, $1,300. 20 Paid creditors $2,300 on account. 21 Paid September telephone bill, $200. 22 Paid employee salaries, $1,050. 27 Performed services on account and billed customers for services provided, $900. 29 Received $550 from customers for services to be provided in the future. 30 Paid J. Alou $800 cash for personal use. Adjustment data consist of the following 1.Supplies on hand at September 30 cost $1,000 2 Accrued salaries payable at September 30 total $630. 3. The equipment has an expected useful life of five years. 4.Unearned revenue of $450 is still not earned at September 30 5.Interest is payable on the first of each month.Instructions a. Prepare T accounts and enter the August 31 balances. b. Journalize the September transactions. c. Post to T accounts. d. Prepare a trial balance at September 30. e. Journalize and post adjusting entries. f. Prepare an adjusted trial balance at September 30. g. Prepare an income statement and a statement of owner's equity, and a classified balance sheet. h. Prepare and post closing entries. Prepare post-closing trial balance at September 30.Alou Equipment Repair has a September 30 year end. The company adjusts and closes its accounts on an annual basis. On August 31, 2021, the account balances of Alou Equipment Repair were as follows: ALOU EQUIPMENT REPAIR Trial Balance August 31, 2021 Debit Credit Cash $ 2,790 Accounts receivable 7.910 Supplies 8,500 Equipment 9.000 Accumulated depreciation-equipment $ 1,800 Accounts payable 3,100 Unearned revenue 400 J. Alou, capital 21,200 J. Alou, drawings 15,600 Service revenue 49.600 Rent expense 5,500 Salaries expense 24,570 Telephone expense 2.230 $76,100 $76.100