ALL FROM ONE QUESTION. fix mistakes please, no physical solving needed

T accounts, adjusting entries, financial statements, and closing entries Instructions Chart of Accounts Labels and Amount Descriptions T Accounts Instructions The unadjusted trial balance of Epicenter Laundry at June 30, 2016, the end of the fiscal year, follows: Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 2016 CREDIT 1 Cash 2 Laundry Supplies 3 Prepaid Insurance Laundry Equipment 5 Accumulated Depreciation 125,400.00 Accounts Payable 11,800.00 40,000.00 65,600.00 232,200.00 475,000.00 7 Common Stock ACCOUNT TITLE Retained Earnings Dividends 10 Laundry Revenue 11 Wages Expense 12 Rent Expense 13 Utilities Expense 14 Miscellaneous Expense 15 Totals The data needed to determine year-end adjustments are as follows: DEBIT 11,000.00 26,500.00 9,600.00 232,600.00 5,000.00 125,200.00 40,000.00 19,700.00 5,400.00 475,000.00 Work Sheet 0 SUBMAN Gf Stockh General Journal General Journal Instructions All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. JOURNAL DATE DESCRIPTION POST RE DEBIT CREDIT ASSETS 1 Adjusting Entries 1 Cash 11,000.00 1 26,500.00 Laundry Supplies 9,600.00 Prepaid Insurance 232,600.00 Laundry Equipment 3 4 3 4 1 8 Jun 30 Jun. 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Feedback Accumulated Depreciation Accounts Payable Common Stock Retained Earnings HANASER 11 54 14 17 18 21 31 Equity Balance Sheet Post-closing Trial Balance 32 125,400.00 11,800.00 40,000.00 65.600.00 PAGE 4 ACCOUNTING FOLATION LABILITIES 1 Shaded cells have feedback NCE Score: 150/260 EQUITY 1 1 1 t T Points 36.35/53 General Journal General Journal Instructions All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. JOURNAL DATE DESCRIPTION POST REF DENT CREDIT Closing Entries Jun 30 Dividends 33 Jun. 30 41 232,200.00 Jun 30 51 Jun. 30 52 Jun. 30 53 Jun. 30 54 Jun. 30 55 56 Jun 30 Jun. 30 Jun 30 Jun 30 1 4 7 9 10 11 13 Laundry Revenue Wages Expense Rent Expense Utilities Expense Laundry Supplies Expense Depreciation Expense Insurance Expense Miscellaneous Expense Balance Sheet Post-closing Trial Balance 59 5,000.00 125,200.00 40,000.00 19,700.00 17,900.00 6,500.00 5,700.00 5,400.00 Shaded cells have feedback X PAGE 10 PAGE 11 Score: 150/260 ACCOUNTING FOUATION LIABILITIES EQUITY 1 ASSETS 1 1 1 1 1 1 M/45 Adjusted Trial Balance How does grading work? 1 Cash 2 Laundry Supplies Prepaid Insurance Laundry Equipment 5 Accumulated Depreciation 6 Accounts Payable 7 Wages Payable Common Stock Retained Earnings 10 Dividends 11 Laundry Revenue 12 Wages Expense 13 Rent Expense 14 Utilities Expense 15 Laundry Supplies Expense 16 Depreciation Expense 17 Insurance Expense 18 Miscellaneous Expense 19 Totals 8 Statement of Stockholders' Equity Balance Sheet Post-clo Shaded cells have feedback X Score: 66/75 CREDIT 131,900.00 11,800.00 1,100.00 40,000.00 232,200.00 1,100.00 418,100.00 Epicenter Laundry ADJUSTED TRIAL BALANCE June 30, 2016 ACCOUNT TITLE DEBIT 11,000.00 8,600.00 3,900.00 232,600.00 69,200.00 5,000.00 40,000.00 19,700.00 17,900.00 6,500.00 5,700.00 5,400.00 425,500.00 Epicenter Laundry Statement of Stockholders' Equity For the Year Ended June 30, 20Y6 Common Stock $40,000.00 $65,600.00 10,700.00 (5,000.00) $40,000.00 $69,200.00 Points: 7.2/18 Check My Work 5b. The statement of stockholders' equity shows the beginning balances of common stock and retained earnings. The common stock balance will be increased by any stock issued during the period, and retained earnings will be increased by any net income and decreased by any net losses and dividends. ounides Expense 7 beginning balance 3 Additional capital Net income 4 s Dividends closing balance Feedback Retained Earnings Score: 32/80 Total $105,600.00 $109,200.00 Balance Sheet 2 Current assets: 3 4 5 6 7 (Label) 9 10 Laundry supplies Prepaid insurance Cash Total current assets 11 Assets Epicenter Laundry Balance Sheet June 30, 2016 12 13 Current liabilities: 14 Accounts payable 15 Wages payable 16 Total liabilities 17 18 Retained earnings 19 Common stock 20 total stockholders 21 Total liabilities and stockholders Liabilities Stockholders' Equity Shaded cells have feedback X Score: 82/130 $8,600.00 3,900.00 11,000.00 $11,800.00 1,100.00 $97,500.00 40,000.00 $23,500.00 $12.900.00 137,500.00 $149,300.00 Post-closing Trial Balance 7. Prepare a post-closing trial balance. How does grading work? 1 Cash > Laundry Supplies 3 Prepaid Insurance 4 Laundry Equipment 5 Accumulated Depreciation 6 Accounts Payable 7 Wages Payable Common Stock 9 Retained Earnings 10 Totals Epicenter Laundry POST-CLOSING TRIAL BALANCE June 30, 2016 ACCOUNT TITLE Shaded cells have feedback. Score: 36/39 CREDIT 131,900.00 11,800.00 1,100.00 40,000.00 69,200.00 256,100.00 DEBIT 11,000.00 8,600.00 3,900.00 232,600.00 256,100.00 Points: 10.15/11 X x