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1. I need help completing the Statement of Owners Equity Box where it says Y.Tom , Capital , January 1 20xx & Add investment &

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1. I need help completing the Statement of Owners Equity Box where it says Y.Tom , Capital , January 1 20xx & Add investment & Increase in Capital & Y. Tom Capital, December 31,20xx

2. i need help with the general journal box where is says Y. Tom, Capital & Income summary

3. i need help with Post Closing Trial Balance Box where it says Y. Tom, Capital and total

everything else I have completed all the information is provided Im just confused why i keep getting the answers i put incorrect (it shows the red asterisk when it is incorrect)

Tom's Catering Services Work Sheet For Year Ended December 31, 20-- Adjustments Debit Income Statement Debit Credit Credit Trial Balance Debit Credit 2,400 800 225 1,200 2,220 370 80 (e) (a) 100 (b) Balance Sheet Debit Credit 2,400 800 145 1,100 2,220 555 25,000 6,000 250 26,500 1,500 185 25,000 (c) Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr., Equipment Truck Accumulated Depreciation, Truck Accounts Payable Y. Tom, Capital Y. Tom, Drawing Fees Earned Salaries Expense Advertising Expense Truck Operating Expense Utilities Expense Miscellaneous Expense 1,000 Adjusted Trial Balance Debit Credit 2,400 800 145 1,100 2,220 555 25,000 6,000 250 26,500 1,500 2,400 720 130 125 200 80 5,000 250 26,500 1,500 2,400 2,400 (d) 80 640 130 125 200 80 34,520 720 130 125 200 80 34,520 (a) (b) (c) 100 185 Insurance Expense Depreciation Expense, Equipment Depreciation Expense, Truck Salaries Payable Supplies Expense 100 185 100 185 1,000 1,000 1,000 (d) 80 80 80 80 1,445 80 35,785 80 2,620 1,445 35,785 2,400 33,165 33,385 Net Loss 2,620 2,400 33,165 33,385 Tom's Catering Services Income Statement For Year Ended December 31, 20- $ 2,400 $ Revenue: Fees Earned Expenses: Salaries Expense Advertising Expense Truck Operating Expense Utilities Expense Miscellaneous Expense Insurance Expense Depreciation Expense, Equipment Depreciation Expense, Truck Supplies Expense Total Expenses Net Income (Loss) 720 130 125 200 80 100 185 1,000 80 2,620 (220) $ Tom's Catering Services Statement of Owner's Equity For Year Ended December 31, 20- $ (220) Y. Tom, Capital, January 1, 20-- Add Investments Deduct Net Loss Subtotal Less Withdrawals for the Year Increase in Capital Y. Tom, Capital, December 31, 20- 1,500 Tom's Catering Services Balance Sheet December 31, 20- $ 2,400 800 145 1,100 Assets Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr., Equipment Truck Accumulated Depreciation, Truck Total Assets $ $ 1,665 2,220 555 25,000 6,000 $ 19,000 $ 25,110 $ 250 80 Liabilities Accounts Payable Salaries Payable Total Liabilities Owner's Equity Y. Tom, Capital Total Liabilities and Owner's Equity $ 330 24,780 $ 25,110 Debit Credit Date 20- Dec. 31 GENERAL JOURNAL Description Closing Entries Fees Eamed Income Summary 2,400 2,400 31 2,620 720 130 Income Summary Salaries Expense Advertising Expense Truck Operating Expense Utilities Expense Miscellaneous Expense Insurance Expense Depreciation Exp., Equipment Depreciation Expense, Truck Supplies Expense 125 200 80 100 185 1,000 80 31 Y. Tom, Capital Income Summary (220) 31 1,500 Y. Tom, Capital Y. Tom, Drawing 1,500 Tom's Catering Services Post-Closing Trial Balance December 31, 20- Credits Debits 2,400 800 145 1,100 2,220 555 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr., Equipment Truck Accumulated Depreciation, Truck Accounts Payable Salaries Payable Y. Tom, Capital Total 25,000 6,000 250 80

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