i need help with this last part, ive included all the information that i have been provided with and my entire work

Novak Corp, prepares quarterly financial statements. The post-closing trial balance at December 31, 2021, is presented below. NOVAK CORP Post-Closing Trial Balance December 31, 2021 Credit Cash Debit $23,800 22,000 Accounts Receivable Allowance for Doubtful Accounts $1,300 Equipment 17,000 Accumulated Depreciation-Equipment 12,000 Buildings 103,000 Accumulated Depreciation-Buildings 12,000 Land 20.000 Accounts Payable 12.390 Common Stock 87.000 Retained Earnings 61.110 $185,800 $185,800 $185,000 $185,800 During the first quarter of 2022, the following transactions occurred: 1 On February 1, Novak collected fees of $7,200 in advance. The company will perform $600 of services each month from February 1, 2022, to January 31, 2018 2. On February 1, Novak purchased computer equipment for $11,250 plus sales taxes of $750. $3,750 cash was paid with the rest on account. Check #455 was used. 3. On March 1, Novak acquired a patent with a 10-year life for $12,000 cash. Check 456 was used. 4. On March 28, Novak recorded the quarter's sales in a single entry. During this period, Novak had total sales of $170,000 (not including the sales referred to in item 1 above). All of the sales were on account. 5. On March 29. Novak collected $163,000 from customers on account. 6. On March 29. Novak paid $16,390 on accounts payable. Check #457 was used. 7. On March 29 Novak paid other operating expenses of $97.500. Check #458 was used. 8. On March 31. Novak wrote off a receivable of $300 for a customer who declared bankruptcy. 9. On March 31, Novak sold for $1.620 equipment that originally cost $11,000. It had an estimated life of 5 years and salvage of $1.000. Accumulated depreciation as of December 31, 2021, was $8,000 using the straight line method. (Hint:Record depreciation on the equipment sold, then record the sale.) Bank reconciliation data and adjustment data: Bank reconciliation data and adjustment data: 1. The company reconciles its bank statement every quarter. Information from the December 31, 2021, bank reconciliation is: Deposit in transit: 12/30/2021 $5,500 Outstanding checks 1440 3,200 #452 600 #453 700 #454 5,850 The bank statement received for the quarter ended March 31, 2022. is as follows: Beginning balance per bank $28,650 Deposits: 1/2/2022. $5,500:2/2/2022. $7.200: 3/30/2022. $163,000 175,700 Checks: $452. $600; 1453. $700: #457. $16,390;#458. $97,500 (115.190) Debit memo: Bank service charge (record as operating expense) (100) Ending bank balance $99.000 2. Record revenue earned from item 1 above. 3. $22,000 of accounts receivable at March 31, 2022, are not past due yet. The bad debt percentage for these is 4%. The balance of accounts receivable are past due. The bad debt percentage for these is 24.00%. Record bad debt expense. (Hint: You will need to compute the balance in accounts receivable before calculating this.) 4 Depreciation is recorded on the equipment still owned at March 31, 2022. The new equipment purchased in February is being depreciated on a straight-line basis over 5 years and salvage value was estimated at $1.200. The old equipment still owned is being depreciated over a 10 year life using straight line with no salvage value. 5. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $16,000 6. Amortization is recorded on the patent. 7. The income tax rate is 30%. This amount will be paid when the tax return is due in April. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) Your answer is correct. Record journal entries for transactions 1-9. (Credit account titles are automatically indented w March P uters March 28 March 20 March 29 Accounts Parte March 29 . Other Operating Expenses March 31 - Allowance for D co March 31 - Deprecation (Torced depreciation expe) (to record sale of Your answer is correct. Enter the December 31, 2021, balances in ledger accounts using T-accounts.(Post Cash Accounts Receivable Allowance For Doubtful Accounts Equipment Accumulated Depreciation-Equipment Bak Land Buildings Accumulated Depreciation-Buildings Accounts Payable Common Stock Retained Earnings Your answer is correct Post the journal entries to the ledger accounts for tems 1-9. Post entries in the order of journal entries presentes Accounts Receivable 22.000 Allowance for Doubtful Accounts Equipment Accumulated Depreciation-Equipment Land Buildings Accumulated Depreciation-Buildings Patents Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Service Revenue Other Operating Expenses Depreciation Expense Your answer is correct. Prepare an unadjusted trial balance at March 31. Novak Corp. Trial Balance 3/31/22 Debut 65980 Accounts Receivable Allowance for Doubtful Accounts | Accumulated Depreciation Equipment | Land Buildings Accumulated Depreciation-buildings Accountable Unearned Service Revenue | Retained Earnings 61110 Service Revenue Other Operating Expenses | Depreciation Expense Low on Disposal of Plant Assets Totals Your answer is correct. Prepare a bank reconciliation in good form. (List items that increase balance as Novak Corp. Bank Reconciliation 3/31/22 Balance Per Bank 89060 Add Deposits in Transit 1620 Less Outstanding Checks #440 3200 i #455 3750 i #456 12000 i #454 5850 24800 i Adjusted Balance Per Bank 65880 Balance Per Books 65980 Less Bank Service Charge 100 i Adjusted Balance Per Books 65880 (f1) Your answer is correct. Journalize entries related to bank reconciliation and all adjusting entries. (Credit account ti No. Date Account Titles and Explanation Debit Credit 1. 3/31/2022 Other Operating Expenses Cash 2. 3/31/2022 Unearned Service Revenue Service Revenue 3. 3/31/2022 Bad Debt Expense 1488 Allowance for Doubtful Accounts 4.3/31/2022 Depreciation Expense Accumulated Depreciation-Equipment 5.3/31/2022 Depreciation Expense Accumulated Depreciation-Buildings 6. 3/31/2022 Amortization Expense 100 Patents 7. 3/31/2022 Income Tax Expense Income Taxes Payable (12) Post entries related to bank reconciliation and all adjusting entries. (Post entries in the order Feb 1 M24 Cash 23.800 Feb. 1 7.2001 163. 29 1620 Mar 29 Accounts Receivable 22.000 Mar 29 120 31 Allowance for Doubtful Accounts 300 Bal Equipment 17.000 Mar 31 12000 Accumulated Depreciation-Equipment Mar 31 Land 20 000 Buildings Accumulated Depreciation-Buildings 12.000 Unearned Service Revenue Income Taxes Payable Common Stock Retained Earnings Other Operating Expenses 97 Sod Depreciation Expense Loss on Disposal of Plant Assets Amortization Expense Bad Debt Expense Income Tax Expense