Please help answer questions #5, 6, and 7. I have received different answers to this question.

Instructions - Individually prepare a response to the following research activity. - Refer to the course schedule for the date and time when your submission needs to be uploaded. Activity Description You are a rst-year university student and excited about moving away from home to go to university. You have saved $6,000 form your summer employment and your parents agreed to match that $6,000. In addition, you received a $9,000 student loan. All of this money is intended to last you for the academic year. At September 1, you had $21,000 cash ($6,000 + $6,000 + $9,000), and a cellphone that cost $200. You have kept all ofthe receipts for all of your expenditures between September 1 and December 15'\". The following is a complete list of your cash receipts. Expenditure Amount $ 4,400 Residence and meal plan fees ($1,100 per month) Damage deposit on residence 400 Tuition for September to December 3,500 Textbooks 600 Personal costs (personal items, entertainment, eating out) 1,500 New clothes 1,500 Cellphone monthly costs (total for all 4 months) 250 New Computer 1,000 Travel to go back home at Christmas 450 On December 15, you checked the balance in your bank account and you only have $7,400 cash. You can't sleep because you know residence for the second term will cost you $4,400 and your tuition will cost you $3,500 and you are $500 in the hole before purchasing textbooks of anything else for next term. You need to gure out where you stand before you can talk to your parents about needing more money for the next term. You try to prepare a trial balance like you learned in the rst four lectures, but it does not balance. You are getting more and more warried about what to do nex . Personal Trial Balance December 15, 2021 Account Debit 5 Credit 5 LCash 7,800 Clothes 1,500 Cellphone 200 l Computer 100 Student Loan 9,000 Personal Equity 12,200 Residence and Meal Expense 4,400 Tuition for September to December 3,500 Personal Costs 1,500 Textbooks for September to December 600 Travel Costs 540 Cellphone costs 250 Instructions (45 marks) 1. Calculate your personal equity (decit) at September 1, 2021. (5 marks) 2. Identify the errors in the above trial balance and prepare a corrected trial balance at December 15'\