need help in the last part . prepare an adjusted trial balance at august 31 . the red boxes are incorrect .

Crane French Modern Retailers Ltd, has been in operation for several years. It wholesales furniture to its customers. The company's post closing trial balance at July 31, 2021, the end of its fiscal year, is presented below: The company had a limited amount of business activity in August 2021 because of holidays for both the company and its major customers. You have been hired on a temporary basis to update the company's records for August. The August transactions and adjustments are presented below. Aug 1 Pald $19,840 for office expenses and $3.601 for the August rent. Aug. 1 Paid $19,840 for office expenses and $3,601 for the August rent. Accepted a six-month, 8% note in exchange for Chen Enterprises' overdue account receivable of $94,500. 3 Sale on account to Chavier Ltd. for $483,200. Cost of goods sold, $266,190. The company uses a perpetual inventory system and estimates that inventory sold for $50,000 (cost $27,000 ) will likely be returned. 8 Determined that an account receivable from Densmore Ltd. of $75,710 is uncollectible. 9. A $328,300 partial payment on account was recelved from Chavier (see August 3 transaction). 10 Old equipment was sold for $6,570. The equipment's original cost was $60,510; accumulated depreciation to the date of disposal was $49,618. 14 Paid a $9,320 income taxinstalment. 21 Purchased a patent for $24,960 cash. The estimated useful life of the patent is five years; the legal life, 20 years. 28 Inventory sold on credit for $60,000 and costing $32,400 was returned by customers. 31 Recorded cash recelved from sales for the month, $67,760. The cost of goods sold is $33,210. 31 The monthly bank statement revealed the following unrecorded items: interest on bank loan, $1,600, and bank service charges, $1,111. 31. Reviewed outstanding accounts recelvable. Determined, through an aging of accounts, that doubtful accounts totalled $299,850 at monthend. 31 Recorded depreciation for the month on the remaining equipment that cost $152,400 and is still in use Useful life of all equipment is estimated to be four years with no residual value. The straight-line method of depreciation is used and depreciation is calculated to the nearest month. 31 Recorded and paid salaries for the month, $102,900. 31 Accrued interest on the Chen Enterprises note receivable (see August 2 transaction). 31 Recorded amortization on the patent (see August 21 transaction). A full month's amortization is recorded on any intangible assets acquired during the month. Record the August transactions and adjustments. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the omounts. Round answers to O decimal ploces, es 5,275. Record joumal entries in the order presented in the problem.) Record the August transactions and adjustments. (List all debit entries before credit entries. Credit account titles ore automaticolly indented when the amount 27000 Estimated Inventory Returns inventory (To record cost of goods sold) Alowance for Doubtful Accounts \begin{tabular}{|l|l|l|l|} \hline 313710 \\ \hline \end{tabular} Accounts Receivable Aug. 9 Cash Accounts Receivable 328300 Aug. 10 Cash \begin{tabular}{|l|l|l|} \hline 13570 \\ \hline \end{tabular} Accumulated Depreciation - Equipment Loss on Disposal \begin{tabular}{|r|} \hline 49618 \\ \hline 4322 \\ \hline \end{tabular} Equipment Accounts Recelvable inventory 32400 Fistimated imventory Returns Aus 31 Cash 67760 Sales (To record sale on cash) Cost of Goods Sold \begin{tabular}{|r|} \hline 3210 \\ \hline \end{tabular} Inventory (To record cost of goods sold) Aug. 31 Interest Expense Barik Charbes Expense (To record interest expense) Bad Debts Experse Allowance for Doubtiul Accounts (To record bad debts) Depreciation Expense 1ICC Clovdy Ane 31 Bad Debts Expense 65160 Allowance for Doubtful Accounts 65160 (To record bad debts) Depreciation Expense. 3175 Accumulated Depreciation-Equipenent (To record depreciation expense) Salaries Expense 102900 (To record salaries expense) Interest Receivable interest incoase (To record accrued interest) Amortization Expense Accumulated Amortization-Patents (To record amortization expense) e problem statement.) Accounts Payable Bank Loan Payable Common Shares Retained Earnings Estimated Inventory Returns Refund Liability Accounts Receivable Allowance for Doubtful Accounts Allowance for Doubtful Accounts Interest Receivable Notes Receivable Inventory \begin{tabular}{|rr|} \hline July 31,2021 & 497,200 \\ \hline Aug 28 & 32400 \\ \hline Aue 31 Bal. & \\ \hline \end{tabular} Equipment Equipment Accumulated Depreciation-Equipment Patents Accumulated Amortization-Patents Accounts Payable Accounts Payable Common Shares Retained Earnings Estimated Inventory Returns July 31,2021 54,00027000 Aug 2 32400 Depreciation Expense Amortization Expense Salaries Expense Bad Debts Expense Office Expense \begin{tabular}{|l|r|} \hline Aue 1 & \\ \hline Aug 31.Bal. & 19840 \\ \hline \end{tabular} Rent Expense Bank Charges Expense Interest Expense Income Tax Expense Prepare an adjusted trial balance at August 31. (Round onswers to 0 decimal ploces, eg. 5,275.) CRANE IMAGES LTD. Trial Balance August 31, 2021 Debit Credit Cash $ Accounts Receivable \begin{tabular}{|l|} \hline 2654190 \\ \hline \end{tabular} Allowance for Doubtful Accounts Interest Recelvable Notes Receivable \begin{tabular}{|l|l|} \hline 3 & 9400 \\ \hline \end{tabular} Itiventory Equipment Accumulated Depreciation-Equipment Patents Accumulated Amortization- Patents Accounts Payable Common Shares Retained Eamings FC Gloudy Common Shares Retained Eamings \begin{tabular}{|l|l|l|} \hline 3.1532964 \\ \hline \end{tabular} Estimated Imventory Returns Refund Liability Sales tnterest income Cost of Goods sold Q Depreciation Expense Amortization Expense Salaries Expense Orfice Expense Rent Expense: Bank Charges Expense Interest Expense Loss on Disposal