I submitted this and the system indicated I have the wrong entry in each box.

A C ... Home Insert Draw Page Layout Cut Copy Format D24 6 Assets 19 Assets 19 24 24 25 25 AutoSave 26 26 27 Paste 33 24 34 9 Prepare the appropriate journal entry for this transaction 31 51 22 Assets 27 37 20 38 X 20 39 A 40 40 758,164 20 21 21 22 Prepare the appropriate journal entry for this transaction 23 46 17 47 40 Times New Roman 2,688 Assets BIU fx Debit 21) The company previously purchased equipment in a previous accounting period for a cost of $758,164. When purchased, the equipment had an expected life of 22 years. 4 Describe the effects of this transaction on the accounting equation B 15 [2) The company paid $2,688 for insurance on November 30 for the following twenty four months. 17 Describe the effects of this transaction on the accounting equation terms of debits and credits 18 758,164 $16,827 Account Name Property, Plant, & Equipment Cash 35 Prepare the appropriate journal entry for this transaction 2 36 2,688 Account Name Prepaid Insurance Cash Instructions $62,386 Accounts Payable Interest Payable Cash Formulas Data Review View A A A a 10 49 Prepare the appropriate journal entry for this transaction 50 51 52 Account Name Supplies Expense Liabilities Debit < Q1) Adjusting Entries Select destination and press ENTER or choose Paste D terms of debits and credits Liabilities Debit 42 4) The company has $16,827 of supplies remaining on hand as of December 31. 44 Describe the effects of this transaction on the accounting equation 45 Liabilities Debit S 758,164 28 (3) The company previously took out a loan from a bank that has a principal balance of $58,966 with an annual interest rate of 5.8%. The company makes an annual payment on this loan every year on February 28. 29 29 30 Describe the effects of this transaction on the accounting equation in terms of debits and credits Liabilities Debit == $58,966 58,966 3,420 Credit Credit E Credit $ terms of debits and credits 758,164 Credit 16,827 Q2) Worksheet Automate 62,386 Wrap Text v Merge & Center Student Score Report Equity Equity Tell me Equity Equity G + General $ % 9 H $3,240 Francisco_Ruelas_Adjusting Entries Concept Check 500 00 $16,827 I J Conditional Format Formatting as Table L Normal Calculation M N Bad Check Cell 0 Neutral Explanatory T... Input Good P Q R S 20 Insert T IX Delete U Format V WE >AutoSum v Fill v Clear v W # X B Comments 27.0 Sort & Filter Y Find & Select Z [ Analyze Data AA Share AB + 100%