Hello, so the following marked in red are marked as incorrect. I...

Hello, so the following marked in red are marked as incorrect. I need help with figuring out what I need to adjust to get that corrected in each tap. Link to Excel Sheet https://docs.google.com/spreadsheets/d/1Lkfv7oGnJfRNbUw6QyqL-wA4BzkdKdJC/edit?usp=sharing&ouid=101603405340393817310&rtpof=true&sd=true

 

 

 

  

  

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Excel File Edit View Insert Format Tools Data Window Help coursehero.com Francisco_Ruelas Comprehensive Ledger Assignment-2 AutoSave G P 2 Lioness: Hidden Treasures... Home Insert Draw Page Layout Formulas Data Review View Automate Course Hero A1 fx A B C D E F G Activity Dashboard 1 Tell me H 1 J K L M N 2 al) The new equipment was purchased on January 1st. As of that date, the property, plant, and equipment had an expected remaining life of 12 years. 4 Describe the effects of this transaction on the accounting equation in terms of debits and credits Assets 446 9 Prepare the appropriate journal entry for this transaction 10 11 12 12 13 14 15 16 Liabilities Account Name Debit Credit Depreciation Expense 446 Property, Plant, & Equipment 446 Equity 446 17 a2) The company borrowed $17,000 from the note payable on March 31. The annual interest rate on the note is 2.4%. Payments are due annually on March 31. Your question 18 Equity 306 306 19 Describe the effects of this transaction on the accounting equation in terms of debits and credits 20 21 Assets Liabilities 22 Library 23 24 Prepare the appropriate journal entry for this transaction 25 26 Uploads 27 28 29 30 31 Account Name Debit Credit Interest Expense 306 Interest Payable 306 32 a3) At the end of the period, the company employees had $17,825 of supplies remaining on hand. 33 34 Describe the effects of this transaction on the accounting equation in terms of debits and credits 35 36 Assets 37 = 51,923 17 questions 39 Prepare the appropriate journal entry for this transaction Q&A 40 9 questions ex 41 42 12 Liabilities Equity 51,923 + Q Comments Share P Q R S T U W Account Name Debit Credit Supplies Expense 51,923 1 Instructions T-Accounts Q1) Accounting Period Q2) Adjusting Entries Q3) Closing Entries Q4) Worksheets Q5) Income Statement Q6) Shareholders' Equity Q7) Balance Sheet + Ready Accessibility: Investigate + 100% Tue Feb 6 7:27 AM 68063 % 8 9 x 5 6 2 3 + Excel File Edit View Insert Format Tools Data Window Help coursehero.com Francisco_Ruelas Comprehensive Ledger Assignment-2 AutoSave G P 2 Lioness: Hidden Treasures... Home Insert Draw Page Layout Formulas Data Review View Automate Course Hero A1 fx A B C D E F G Activity Dashboard 1 Tell me H 1 J K L M N 2 al) The new equipment was purchased on January 1st. As of that date, the property, plant, and equipment had an expected remaining life of 12 years. 4 Describe the effects of this transaction on the accounting equation in terms of debits and credits Assets 446 9 Prepare the appropriate journal entry for this transaction 10 11 12 12 13 14 15 16 Liabilities Account Name Debit Credit Depreciation Expense 446 Property, Plant, & Equipment 446 Equity 446 17 a2) The company borrowed $17,000 from the note payable on March 31. The annual interest rate on the note is 2.4%. Payments are due annually on March 31. Your question 18 Equity 306 306 19 Describe the effects of this transaction on the accounting equation in terms of debits and credits 20 21 Assets Liabilities 22 Library 23 24 Prepare the appropriate journal entry for this transaction 25 26 Uploads 27 28 29 30 31 Account Name Debit Credit Interest Expense 306 Interest Payable 306 32 a3) At the end of the period, the company employees had $17,825 of supplies remaining on hand. 33 34 Describe the effects of this transaction on the accounting equation in terms of debits and credits 35 36 Assets 37 = 51,923 17 questions 39 Prepare the appropriate journal entry for this transaction Q&A 40 9 questions ex 41 42 12 Liabilities Equity 51,923 + Q Comments Share P Q R S T U W Account Name Debit Credit Supplies Expense 51,923 1 Instructions T-Accounts Q1) Accounting Period Q2) Adjusting Entries Q3) Closing Entries Q4) Worksheets Q5) Income Statement Q6) Shareholders' Equity Q7) Balance Sheet + Ready Accessibility: Investigate + 100% Tue Feb 6 7:27 AM 68063 % 8 9 x 5 6 2 3 +