Please answer all these 5 questions ;

Q1: The ledger of Blue Spruce Company includes the following unadjusted balances: Prepaid Insurance $4,500, Service Revenue $56,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,200; (b) services performed $1,800, but unbilled and uncollected; and (c) accrued salaries payable $900.

Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.

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Q2: The ledger of Martinez Company contains the following balances: Retained Earnings $28,000, Dividends $3,000, Service Revenue $49,000, Salaries and Wages Expense $26,000, and Supplies Expense $7,000.

Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Q3: The ledger of Whispering Winds Company contains the following balances: Retained Earnings$28,000, Dividends $1,500, Service Revenue $51,500, Salaries and Wages Expense $29,000, and Supplies Expense $6,000.The closing entries are as follows:

(1)

Close revenue accounts.

(2)

Close expense accounts.

(3)

Close net income/(loss).

(4)

Close dividends.

Enter the balances in T- accounts, and post the closing entries.

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Q4: At Martinez Company, the following errors were discovered after the transactions had been journalized and posted.

1.

A collection on account from a customer for $900 was recorded as a debit to Cash $900 and a credit to Service Revenue $900.

2.

The purchase of store supplies on account for $1,170 was recorded as a debit to Supplies $1,710 and a credit to Accounts Payable $1,710.

Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Q5: The balance sheet debit column of the worksheet for Riverbed Company includes the following accounts: Accounts Receivable $13,000, Prepaid Insurance $4,300, Cash $3,200, Supplies$5,600, and Debt Investments (short-term) $7,900.

Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.(List Current Assets in order of liquidity.)