help me fix my errors please

Required information Comprehensive Problem 1 [The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Accounts Receivable Prepaid Rent Unexpired Insurance Office Rental Equipment Accumulated Depreciation: Rental Capital Stock Retained Earnings Dividends Income Summary Rental Fees Earned Salaries Expense Perice Supplies Equipment Notes Payable Accounts Payable Interest Salaries Payable Dividends Payable Unearned Rental Fees Income Taxes Payable Maintenance Expense Utilities Expense Rent Expense Office Supplies Expense Depreciation Expense Interest Expense Income Taxes Expense The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions. Dec 1 Issued to John and Patty Driver 22,000 shares of capital stock in exchange for a total of $220,000 cash. 30, Year 2. Dec. Dec 4 an expense account.) Dec. 1 Purchased for $230,400 all of the equipment formerly owned by Rent-It. Paid $136,000 cash and issued a 1-year note payable for $94,400. The note, plus all 12 months of accrued interest, are due November 1 Paid $12,000 to Shapiro Realty as three months' advance rent on the rental yard and office formerly occupied by Rent-It. supplies are expected to last for several months; debit the Office Supplies asset account.) Dec. 8 Received $8,900 cash as advance payment on equipment rental from McNamer Construction Company. (Credit Unearned Rental Fees.) Dec. 12 Paid salaries for the first two weeks in December, $4,900. Dec. 15 Excluding the McNamer advance, equipment rental fees earned during the first 15 days of December amounted to $18,300, of which $12,100 was received in cash. Dec. 17 Purchased on account from Earth Movers, Inc., $800 in parts needed to repair a rental tractor. (Debit Payment is due in 10 days. Dec. 23 Collected $2,300 of of the accounts receivable recorded on December 15. Dec.26 Rented a backhoe to Mission Landscaping at a price of $330 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec. 26 Paid biweekly salaries, $4,900. Dec. 27 Paid the account payable to Earth Movers, Inc., $800. Dec. 28 Declared a dividend of 10 cents per share, payable on January 15, Year 2. Dec. 29 Susquehanna Equipment Rentals was named, along with Mission Landscaping and Collier Construction, as a co-defendant in a $28,000 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced construction site owned by Collier Construction. After working hours on December 26, Davenport had climbed the fence to play on parked construction equipment. While playing on the backhoe, he fell and broke his arm. The extent of the company's legal and financial responsibility for this accident, if any, cannot be determined at this time. (Note: This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statements.) Dec. 29 Purchased a 12-month public liability insurance policy for $9.480. This policy protects the company against liability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1, Year 2, and affords no coverage for the injuries sustained by Kevin Davenport on December 26. Dec. 31 Received a bill from Universal Utilities for the month of December, $660. Payment is due in 30 days. Dec.31 Equipment rental fees earned during the second half of December amounted to $20,100, of which $16,500 was received in cash. Data for Adjusting Entries a. The advance payment of rent on December 1 covered a period of three months. b. The annual interest rate on the note payable to Rent-It is 6 percent. c. The rental equipment is being depreciated by the straight-line method over a period of eight years. d. Office supplies on hand at December 31 are estimated at $630. e. During December, the company earned $3,800 of the rental fees paid in advance by McNamer Construction Company on December 8. f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 26 has been earned. g. Salaries earned by employees since the last payroll date (December 26) amounted to $1,700 at month-end. h. It is estimated that the company is subject to a combined federal and state income tax rate of 30 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2. Journalize the December transactions. Do not record adjusting entries at this point. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit 1 Dec. 1 Cash 9,480 X Capital stock 9,480 X 2 Dec. 1 Rental equipment 230,400 Cash 136,000 94,400 Notes payable 3 Dec. 1 Prepaid rent 12,000 Cash 12,000 4 Dec.4 1,400 Office supplies Accounts payable 1,400 5 5 Dec. 8 Cash 8,900 Unearned rental fees 8,900 6 Dec. 12 Salaries expense 4,900 Cash 4,900 7 Dec. 15 Accounts receivable 6,200 Cash 12,100 Rental fees earned 18,300 8 Dec. 17 Maintenance expense 800 Accounts payable 800 9 Dec. 23 Cash 2,300 Accounts receivable 2,300 11 Dec. 26 Salaries expense 4,900 Cash 4,900 12 Dec.27 800 Accounts payable Cash 800 13 Dec.28 Dividends payable 0X 15 Dec.29 9,480 Unexpired insurance Cash 9,480 16 Dec.31 660 Utilities expense Accounts payable 660 17 Dec.31 Accounts receivable 3,600 Cash 16,500 X 20,100 Rental fees earned Prepare the necessary adjusting entries for December. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.). No General Journal Credit Date Dec.31 Debit 3,900 1 Rent expense Prepaid rent 3,900 2 Dec.31 414 Interest expense Interest payable 414 3 Dec.31 2,300 Depreciation expense Accumulated depreciation: rental equipment 2,300 4 Dec.31 1,330 Office supplies expense Office supplies 1,330 5 Dec.31 4,600 Unearned rental fees Rental fees earned 4,600 6 Dec.31 2,040 Accounts receivable Rental fees earned 2,040 7 Dec.31 1,680 Salaries expense Salaries payable 1,680 8 Dec. 31 7,297 Income taxes expense Income taxes payable 7,297 Prepare closing entries and post to ledger accounts. (If no entry is required for a transaction/event, select "No journa required" in the first account field. Do not round intermediate calculations.) No General Journal Credit Date Dec.31 Debit 45,780 1 Rental fees earned Income summary 45,780 2 Dec.31 29,963 10,500 800 Income summary Salaries expense Maintenance expense Utilities expense Rent expense Office supplies expense Depreciation expense Interest expense Income taxes expense 660 3,500 490 2,800 669 10,544 >>XXXIX 3 Dec.31 20,100 Income summary Retained earnings 20,100 Required information Comprehensive Problem 1 [The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Accounts Receivable Prepaid Rent Unexpired Insurance Office Rental Equipment Accumulated Depreciation: Rental Capital Stock Retained Earnings Dividends Income Summary Rental Fees Earned Salaries Expense Perice Supplies Equipment Notes Payable Accounts Payable Interest Salaries Payable Dividends Payable Unearned Rental Fees Income Taxes Payable Maintenance Expense Utilities Expense Rent Expense Office Supplies Expense Depreciation Expense Interest Expense Income Taxes Expense The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions. Dec 1 Issued to John and Patty Driver 22,000 shares of capital stock in exchange for a total of $220,000 cash. 30, Year 2. Dec. Dec 4 an expense account.) Dec. 1 Purchased for $230,400 all of the equipment formerly owned by Rent-It. Paid $136,000 cash and issued a 1-year note payable for $94,400. The note, plus all 12 months of accrued interest, are due November 1 Paid $12,000 to Shapiro Realty as three months' advance rent on the rental yard and office formerly occupied by Rent-It. supplies are expected to last for several months; debit the Office Supplies asset account.) Dec. 8 Received $8,900 cash as advance payment on equipment rental from McNamer Construction Company. (Credit Unearned Rental Fees.) Dec. 12 Paid salaries for the first two weeks in December, $4,900. Dec. 15 Excluding the McNamer advance, equipment rental fees earned during the first 15 days of December amounted to $18,300, of which $12,100 was received in cash. Dec. 17 Purchased on account from Earth Movers, Inc., $800 in parts needed to repair a rental tractor. (Debit Payment is due in 10 days. Dec. 23 Collected $2,300 of of the accounts receivable recorded on December 15. Dec.26 Rented a backhoe to Mission Landscaping at a price of $330 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec. 26 Paid biweekly salaries, $4,900. Dec. 27 Paid the account payable to Earth Movers, Inc., $800. Dec. 28 Declared a dividend of 10 cents per share, payable on January 15, Year 2. Dec. 29 Susquehanna Equipment Rentals was named, along with Mission Landscaping and Collier Construction, as a co-defendant in a $28,000 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced construction site owned by Collier Construction. After working hours on December 26, Davenport had climbed the fence to play on parked construction equipment. While playing on the backhoe, he fell and broke his arm. The extent of the company's legal and financial responsibility for this accident, if any, cannot be determined at this time. (Note: This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statements.) Dec. 29 Purchased a 12-month public liability insurance policy for $9.480. This policy protects the company against liability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1, Year 2, and affords no coverage for the injuries sustained by Kevin Davenport on December 26. Dec. 31 Received a bill from Universal Utilities for the month of December, $660. Payment is due in 30 days. Dec.31 Equipment rental fees earned during the second half of December amounted to $20,100, of which $16,500 was received in cash. Data for Adjusting Entries a. The advance payment of rent on December 1 covered a period of three months. b. The annual interest rate on the note payable to Rent-It is 6 percent. c. The rental equipment is being depreciated by the straight-line method over a period of eight years. d. Office supplies on hand at December 31 are estimated at $630. e. During December, the company earned $3,800 of the rental fees paid in advance by McNamer Construction Company on December 8. f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 26 has been earned. g. Salaries earned by employees since the last payroll date (December 26) amounted to $1,700 at month-end. h. It is estimated that the company is subject to a combined federal and state income tax rate of 30 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2. Journalize the December transactions. Do not record adjusting entries at this point. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit 1 Dec. 1 Cash 9,480 X Capital stock 9,480 X 2 Dec. 1 Rental equipment 230,400 Cash 136,000 94,400 Notes payable 3 Dec. 1 Prepaid rent 12,000 Cash 12,000 4 Dec.4 1,400 Office supplies Accounts payable 1,400 5 5 Dec. 8 Cash 8,900 Unearned rental fees 8,900 6 Dec. 12 Salaries expense 4,900 Cash 4,900 7 Dec. 15 Accounts receivable 6,200 Cash 12,100 Rental fees earned 18,300 8 Dec. 17 Maintenance expense 800 Accounts payable 800 9 Dec. 23 Cash 2,300 Accounts receivable 2,300 11 Dec. 26 Salaries expense 4,900 Cash 4,900 12 Dec.27 800 Accounts payable Cash 800 13 Dec.28 Dividends payable 0X 15 Dec.29 9,480 Unexpired insurance Cash 9,480 16 Dec.31 660 Utilities expense Accounts payable 660 17 Dec.31 Accounts receivable 3,600 Cash 16,500 X 20,100 Rental fees earned Prepare the necessary adjusting entries for December. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.). No General Journal Credit Date Dec.31 Debit 3,900 1 Rent expense Prepaid rent 3,900 2 Dec.31 414 Interest expense Interest payable 414 3 Dec.31 2,300 Depreciation expense Accumulated depreciation: rental equipment 2,300 4 Dec.31 1,330 Office supplies expense Office supplies 1,330 5 Dec.31 4,600 Unearned rental fees Rental fees earned 4,600 6 Dec.31 2,040 Accounts receivable Rental fees earned 2,040 7 Dec.31 1,680 Salaries expense Salaries payable 1,680 8 Dec. 31 7,297 Income taxes expense Income taxes payable 7,297 Prepare closing entries and post to ledger accounts. (If no entry is required for a transaction/event, select "No journa required" in the first account field. Do not round intermediate calculations.) No General Journal Credit Date Dec.31 Debit 45,780 1 Rental fees earned Income summary 45,780 2 Dec.31 29,963 10,500 800 Income summary Salaries expense Maintenance expense Utilities expense Rent expense Office supplies expense Depreciation expense Interest expense Income taxes expense 660 3,500 490 2,800 669 10,544 >>XXXIX 3 Dec.31 20,100 Income summary Retained earnings 20,100