$1.$ The ledger of Quintana Company contains the following balances: Owner's Capital $$40,000,$ Owner's Drawings $$3,000,$ Service Revenue $$65,000,$ Salaries and Wages Expense $$39,000,$ and Maintenance and Repairs Expense $$9,000.$ Prepare the closing entries at December $31.$

$2.$At Shields Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries.

Prepare correcting entries.

a$.$ A cash sale to a customer for $$780$ was recorded as a debit to Cash $$780$ and a credit to Accounts Receivable $$780.$

b$.$ The purchase of equipment on account for $$1,730$ was recorded as a debit to Equipment $$1,370$ and a credit to Accounts Payable $$1,370.$

$3.$The balance sheet debit column of the worksheet for Miguel Company includes the following accounts: Accounts Receivable $$25,000,$ Prepaid Insurance $$7,000,$ Cash $$8,000,$ Supplies $$11,000,$ and Stock Investments $($short$-$term$)$ $$14,000.$ Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.