updated with more information. need help on posting the journal entries to the ledger accounts for items 1-9. Last 5 pictures are the problems I tried doing but wasnt sure if i was correct and the rest i didnt know.

Blue Spruce Corp. prepares quarterly financial statements. The post-closing trial balance at December 31, 2021. is presented below. BLUE SPRUCE CORP Post-Closing Trial Balance December 31, 2021 Debit Credit $22,700 22,800 $1,500 15,000 Cash Accounts Receivable Allowance for Doubtful Accounts Equipment Accumulated Depreciation-Equipment Buildings Accumulated Depreciation - Buildings Land 10,000 109,000 10,000 20,000 Accounts Payable 12,320 Common Stock 83,000 72.680 Retained Earnings $189.500 $189,500 During the first quarter of 2022, the following transactions occurred: 1. 2. 3. 4. . On February 1, Blue collected fees of $8,400 in advance. The company will perform $700 of services each month from February 1, 2022, to January 31, 2018 On February 1, Blue purchased computer equipment for $8,250 plus sales taxes of $750 $2,750 cash was paid with the rest on account Check 8455 was used. On March 1, Blue acquired a patent with a 10-year life for $9.000 cash. Check #456 was used. On March 28, Blue recorded the quarter's sales in a single entry. During this period, Blue had total sales of $170,000 (not Including the sales referred to in item 1 above). All of the sales were on account. On March 29, Blue collected $163,000 from customers on account. On March 29, Blue paid $16,320 on accounts payable. Check #457 was used. On March 29, Blue paid other operating expenses of $95,500. Check #458 was used. On March 31, Blue wrote off a receivable of $200 for a customer who declared bankruptcy, On March 31. Blue sold for $1,900 equipment that originally cost $13,000. It had an estimated life of 5 years and salvage of $1.000. Accumulated depreciation as of December 31, 2021. was $9.600 using the straight line method Hint Record depreciation on the equipment sold, then record the sale.) 5. 6. 7. 8. a 9. Bank reconciliation data and adjustment data 1. The company reconciles its bank statement every quarter. Information from the December 31, 2021, bank reconciliation is: 12/30/2021 $5,500 Deposit in transit: Outstanding checks #440 3,300 #452 400 #453 900 #454 5,870 The bank statement received for the quarter ended March 31, 2022, is as follows: $27,670 176.900 Beginning balance per bank Deposits: 1/2/2022,85,500; 2/2/2022. $8,400; 3/30/2022, 5163,000 Checks: #452, 5400 #453, 5900: #457,516,320 #458, 595,500 Debit memo: Bank service charge (record as operating expense) (113,120) (100) Ending bank balance $91,350 2 3. Record revenue earned from item 1 above. $22.800 of accounts receivable at March 31, 2022, are not past due yet. The bad debt percentage for these is 4%. The balance of accounts receivable are past due. The bad debt percentage for these is 26,00%. Record bad debt expense. (Hint: You will need to compute the balance in accounts receivable before calculating this:) 4. 5. Depreciation is recorded on the equipment still owned at March 31, 2022. The new equipment purchased in February is being depreciated on a straight-line basis over 5 years and salvage value was estimated at $1,200. The old equipment still owned is being depreciated over a 10-year life using straight-line with no salvage value. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $13,000. Amortization is recorded on the patent. The income tax rate is 30%. This amount will be paid when the tax return is due in April. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) 6. 7 7. (a) Your answer is partially correct. Record journal entries for transactions 1-9. (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 for the amounts.) Debit Credit Date No. Account Titles and Explanation 8400 bruary 1 1. Cash Linned Service Revenue e No. Account Titles and Explanation Debit Credit ry 1 1. Cash 8400 Unearned Service Revenue 8400 ry 1 2. Equipment 9000 Cash 2750 Accounts Payable 6250 3. . Patents 9000 Cash 9000 28 4. Accounts Receivable 170000 Sales Revenue 170000 163000 29 5. Cash 163000 Accounts Receivable 29 6. Accounts Payable 16320 Cash 16320 29 7. Other Operating Expenses 95500 Cash 95500 31 v 8. Allowance for Doubtful Accounts 200 Accounts Receivable 200 31 9. 9. Depreciation Expense 600 600 Accumulated Depreciation Equipment (To record depreciation expense) 1900 Cash 10200 Accumulated Depreciation Equipment 900 Loss on Disposal of Plant Assets 31 9. 9. Depreciation Expense 600 Accumulated Depreciation Equipment 600 (To record depreciation expense) Cash Toodud 1900 Accumulated Depreciation-Equipment 10200 Loss on Disposal of Plant Assets 900 Equipment 13000 (To record sale of equipment) Cash Bal. 22700 Accounts Receivable Bal. 22800 Allowance For Doubtful Accounts Bal. 1500 Equipment Bal. 15000 Accumulated Depreciation-Equipment Accumulated Depreciation Equipment Bal 10000 Land Bal. 20000 Buildings Bal 109000 Accumulated Depreciation-Buildings Bal. 10000 Accounts Payable Bal. 12320 Common Stock Bal. 83000 Retained Earnings Bal. 72680 e Textbook and Media List of Accounts Attemp Post the journal entries to the ledger accounts for Items 1-9. (Post entries in the order of Journal entries presented above.) Cash Bal. 22,700 Feb. 1 2750 Feb. 1 v 8400 Mar. 1 9000 Mar 29 163000 Mar. 29 16320 1900 Mar 31 95500 Mar. 29 Accounts Receivable Bal. 22.800 Mar 29 163000 200 Mar 28 170000 Mar 31 Allowance for Doubtful Accounts Mar. 31 200 Bal. 1,500 Equipment Bal. 15.000 Mar. 31 1300 Feb. 1 v 9000 Accumulated Depreciation-Equipment Mar 31 10200 Bal. 10,000 Mar 31 v 600 Land Land Bal. 20,000 Buildings Bal. 109,000 Accumulated Depreciation-Buildings Bal. 10,000 Patents Accounts Payable Bal 12,320 Accounts Payable Bal. 12,320 Unearned Service Revenue Common Stock Bal. 83,000 Retained Earnings Bal. 72,680 Service Revenue Other Operating Expenses Depreciation Expense Loss on Disposal of Plant Assets e Textbook and Media D