Both parts of this question have me at a loss.. I can't get my numbers to equal what they say that I should. Please help, and explain if possible. **EDIT** This is all the information i have..

230 875 875 Dec. 31 Interest Receivable Interest Revenue 31 Interest Expense Interest Payable 31 Work in Process Inventory Factory Overhead 4,250 4,250 700 SERIES B PROBLEMS SPREADSHEET, ADJUSTING ENTRIES, AND FINANCIAL STATEMENTS Woods Company's trial balance columns from its spreadsheet are shown on the next page. Data for adjusting the accounts are as follows: $ 4,300 (a) Factory overhead to be applied to work in process ending inventory 1,010 (b) Estimate of this year's sales that will be returned next year 490 (c) Cost of goods expected to be returned 100 (d) Interest receivable (e) Interest payable (1) Estimate of uncollectible accounts, based on an aging of accounts receivable 4,110 (g) Office supplies consumed 3,200 (h) Factory supplies consumed 6,700 (i) Factory building depreciation 10,000 6) Factory equipment depreciation 6,000 (k) Underapplied factory overhead 7,690 (1) Provision for corporate income taxes 8,100 (m) Physical counts of the inventories agreed with the amounts in the books Additional information needed to prepare the financial statements is as follows: Beginning inventories: Finished goods, January 1 $ 22,300 Work in process, January 1 12,400 Materials inventory, January 1 7,900 Materials purchases for the year 18,700 Direct labor 90,300 Actual factory overhead 104,290 Assume that all materials inventory items are direct materials. REQUIRED 1. Prepare a spreadsheet. 2. Prepare the following financial statements and schedule: (a) income statement (b) schedule of cost of goods manufactured (c) statement of retained earnings (d) balance sheet L CHAPTER 27 Applying Your Knowled PROBLEM 27 68 (continued) 1 2 3 Woods Company Trial Balance December 31, 20 4 5 ACCOUNT TITLE 6 THIAL BALANCE 2 8 28.400.00 6,000.00 9 10 32,800.00 11 12 610.00 26,100.00 10,200.00 9,300.00 65.00 Goverment Notes Interest Receivable Accounts Receivable Allowance for Doubtful Accounts Finished Goods Inventory Work in Process Inventory B Materials Inventory 14 Estimated Returns Inventory 15 Office Supplies 16 Factory Supplies 17 Land Factory Building 19 Accumulated Depreciation Factory Building 20 Factory Equipment Accumulated Depreciation - Factory Equipment Accounts Payable Customer Refunds Payable 24 Income Tax Payable 25 Interest Payable 26 Bonds Payable 18 4,200.00 8,600.00 80,000.00 160,000.00 30,000.00 21 60,000.00 22 23 20,000.00 16,000.00 125.00 100,000.00 60,000.00 20,000.00 111,400.00 40,000.00 404,680.00 5,040.00 500.00 92,300.00 81,590.00 27 Capital Stock 28 Paid-in Capital in Excess of Par 29 Retained Earnings 30 Cash Dividends 31 Sales 32 Sales Returns and Allowances 33 Interest Revenue 34 Factory Overhead 35 36 37 Cost of Goods Sold 38 Wages Expense 39 Office Supplies Expense 40 Bad Debt Experise 41 Utilities Expense-Office 42 Interest Expense 43 Income Tax Expense 198,300.00 78,700.00 4,900.00 9,000.00 12,420.00 855,615.00 855,615.00 44 45 230 875 875 Dec. 31 Interest Receivable Interest Revenue 31 Interest Expense Interest Payable 31 Work in Process Inventory Factory Overhead 4,250 4,250 700 SERIES B PROBLEMS SPREADSHEET, ADJUSTING ENTRIES, AND FINANCIAL STATEMENTS Woods Company's trial balance columns from its spreadsheet are shown on the next page. Data for adjusting the accounts are as follows: $ 4,300 (a) Factory overhead to be applied to work in process ending inventory 1,010 (b) Estimate of this year's sales that will be returned next year 490 (c) Cost of goods expected to be returned 100 (d) Interest receivable (e) Interest payable (1) Estimate of uncollectible accounts, based on an aging of accounts receivable 4,110 (g) Office supplies consumed 3,200 (h) Factory supplies consumed 6,700 (i) Factory building depreciation 10,000 6) Factory equipment depreciation 6,000 (k) Underapplied factory overhead 7,690 (1) Provision for corporate income taxes 8,100 (m) Physical counts of the inventories agreed with the amounts in the books Additional information needed to prepare the financial statements is as follows: Beginning inventories: Finished goods, January 1 $ 22,300 Work in process, January 1 12,400 Materials inventory, January 1 7,900 Materials purchases for the year 18,700 Direct labor 90,300 Actual factory overhead 104,290 Assume that all materials inventory items are direct materials. REQUIRED 1. Prepare a spreadsheet. 2. Prepare the following financial statements and schedule: (a) income statement (b) schedule of cost of goods manufactured (c) statement of retained earnings (d) balance sheet L CHAPTER 27 Applying Your Knowled PROBLEM 27 68 (continued) 1 2 3 Woods Company Trial Balance December 31, 20 4 5 ACCOUNT TITLE 6 THIAL BALANCE 2 8 28.400.00 6,000.00 9 10 32,800.00 11 12 610.00 26,100.00 10,200.00 9,300.00 65.00 Goverment Notes Interest Receivable Accounts Receivable Allowance for Doubtful Accounts Finished Goods Inventory Work in Process Inventory B Materials Inventory 14 Estimated Returns Inventory 15 Office Supplies 16 Factory Supplies 17 Land Factory Building 19 Accumulated Depreciation Factory Building 20 Factory Equipment Accumulated Depreciation - Factory Equipment Accounts Payable Customer Refunds Payable 24 Income Tax Payable 25 Interest Payable 26 Bonds Payable 18 4,200.00 8,600.00 80,000.00 160,000.00 30,000.00 21 60,000.00 22 23 20,000.00 16,000.00 125.00 100,000.00 60,000.00 20,000.00 111,400.00 40,000.00 404,680.00 5,040.00 500.00 92,300.00 81,590.00 27 Capital Stock 28 Paid-in Capital in Excess of Par 29 Retained Earnings 30 Cash Dividends 31 Sales 32 Sales Returns and Allowances 33 Interest Revenue 34 Factory Overhead 35 36 37 Cost of Goods Sold 38 Wages Expense 39 Office Supplies Expense 40 Bad Debt Experise 41 Utilities Expense-Office 42 Interest Expense 43 Income Tax Expense 198,300.00 78,700.00 4,900.00 9,000.00 12,420.00 855,615.00 855,615.00 44 45