Please help, especially with the Analyze problem, what should I do?

Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20x1, appears below. Adjustments data are also given ADJUSTMENTS a. Supplies used, $7,200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet 2. Prepare an income statement 3. Prepare a statement of owner's equity 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 Reg 5 and 6 Req 7 Analyze Complete the worksheet. FASHION WORLD Worksheet Month Ended December 31, 20X1 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Account Name Income Statement Debit Credit Balance Sheet Debit Credit Cash S Trial Balance Debit Credit $1,600 18,000 14,400 21.600 168,000 7,200 4000 2,400 97 000 119,160 Accounts receivable Supplies Prepaid instances Machinery Dumi Accumulated depreciation-Machinery Arm:nal systle: Angela Cruz, Capital Angela Cruz Drawing Fees in CITIC: an Supplies expense awesome Insurance expense Salaries expense Depreciation expense-Machinery Utilities expense Totals 12,000 185 000 7.200 4.800 22,200 2.400 3,360 341,180 $ S 341,160 $ 14.400 $ 14,400 S 0 S 0 $ 0 $ 0 $ 0 s 0 Net income $ 0 0 $ 0 S 0 $ o Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7,200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity. 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 Reg 5 and 6 Reg 7 Analyze Prepare an income statement. FASHION WORLD Income Statement Month Ended December 31, 20X1 Revenue Expenses Total expenses 0 S 0 Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7,200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity. 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req3 Reg 4 Req 5 and 6 Req 7 Analyze Prepare a statement of owner's equity. FASHION WORLD Statement of Owner's Equity Month Ended December 31, 20X1 0 0 Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7.200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet. 2. Prepare an income statement 3. Prepare a statement of owner's equity. 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Reg 4 Reg 5 and 6 Reg 7 Analyze Prepare a balance sheet. FASHION WORLD Balance Sheet December 31, 20X1 Assets 0 $ 0 Total Assets Liabilities and Owner's Equity Liabilities Owner's Equity Total Liabilities and Owner's Equity 0 Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20x1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7,200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error Insurance for $4,800, what reported net income would have resulted? sa credit to Insurance Expense and a debit to Prepaid Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 Reg 5 and 6 Req 7 Analyze Prepare a general journal. View transaction list Journal entry worksheet Record the adjusting entry for supplies. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general journal Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7,200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Reg 4 Reg 5 and 6 Reg 7 Analyze Prepare a postclosing trial balance. Fashion World Postclosing Trial Balance December 31, 20X1 Account Name Debit Credit Totals 0 $ Critical Thinking Problem 6.1 (Static) The Closing Process. LO 6-1, 6-2, 6-3 The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7,200 b. Expired insurance, $4,800 c. Depreciation expense for machinery, $2,400 Required: 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity. 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 Reg 4 Reg 5 and 6 Req 7 Analyze If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $4,800, what reported net income would have resulted? Net income