Can someone please help me work through these problems step by step.

Questions #1

Instructions: (a) Prepare an income statement and a retained earnings statement for the year ended July 31, 2017.

(b) Prepare a classified balance sheet at July 31, 2017.

(c) Be sure to prepare all statements in good form with proper format, including headings and dates.

Question #1: These financial statement items are for Allies Corporation at year-end, July 31, 2017.

Salaries and wages payable ................................................$ 2,580

Salaries and wages expense..................................................50,700

Utilities expense......................................................................22,600

Equipment...............................................................................21,000

Accounts payable.....................................................................4,100

Service revenue.....................................................................62,100

Rent revenue...........................................................................8,500

Notes payable (due 2019).....................................................$1,800

Common stock......................................................................16,000

Cash.....................................................................................20,200

Accounts receivable.............................................................12,780

Accumulated depreciationequipment.................................6,000

Dividends...............................................................................5,000

Depreciation expense............................................................4,000

Retained earnings (beginning of the year)...........................35,200

Question #2

Instructions: Journalize each transaction, identify each transaction its number. Leave out journal explanations. Be sure to prepare the entries in good form and proper format.

Transactions for the Petson Company for the month of November are presented below:

1. Stockholders invested an additional $40,000 cash in the business.

2. Purchased land costing $18,000 for cash.

3. Purchased equipment costing $45,000 for $4,500 cash and the remainder on credit.

4. Purchased supplies on account for $800.

5. Paid $3,000 for a one-year insurance policy.

6. Received $2,000 cash for services performed.

7. Received $5,000 for services previously performed on account.

8. Paid wages to employees for $2,500.

9. Paid dividends to stockholders of $400.

Question #3

The transactions of the Fury Delivery Service are recorded in the general journal below.

Instructions:

1. Post the journal entries to the attached general ledger T accounts.

2. Prepare a trial balance on the form provided after the T accounts.

General Journal
Date	Account Titles and Explanation						Debit	Credit
2017 Sept. 1	Cash Common Stock (Stockholders invested cash in business)						25,000	25,000
4	Equipment Cash Notes Payable (Paid cash and issued 2- year, 6%, note for delivery trucks)						60,000	10,000 50,000
8	Rental Expense Cash (Paid September rent)						1,000	1,000
15	Prepaid Insurance Cash (Paid one-year liability insurance)						1,400	1,400
18	Cash Service Revenue (Received cash for delivery service)						4,500	4,500
20	Salaries and wages Expense Cash (Paid salaries for current period)						500	500
25	Utilities Expense Account payable (Received a bill for September utilities)						100	100
30	Dividends Cash (Paid Dividends)						750	750
30	Accounts Receivable Service Revenue (Billed customer for delivery service)						1,000	1,000

Thank you in advance for all the help, please help me do this step by step, and have a great day.