can someone help me fill out the adjusting entries and closing entries for the debit and credit of the third picture? I have provided the numbers in the top two pictures for the budgeted income statement and the Cash budget.

I'm not sure what you have to calculate. That's why I asked the experts. But the assignment says to use the cash budget and the income statement, which I provided.

7 Budgeted Income Statement by Quarter For the Year Ended Dec 31, 2021 8 9 10 11 Sales 12 Cost of Goods Sold 13 Gross Profit 14 SG&A Expenses 15 Operating Profit 16 Interest Expense 17 Taxable Income 18 Income Tax 19 Net Income Q1 Q2 Q3 Q4 Annual $420,000 $480,000 $720,000 $960,000 $2,580,000 -377.195 -376,535 -449.745 -566,385 $ (1,769,860) $42,805 $103,465 $270,255 $393,615 $810,140 $108,200 $110.800 $121,200 $131,600 ($471,800) $65,395 $7,335 $149,055 $262.015 $338,340 $0 $ (720) $ (10,020) $ (18,030) $ (28,770) $65,395 $8,055 $139,035 $243,985 $309,570 $0 $0 $41,711 $73.195 $114,906 $14,904 $25,529 $63,535 $102,445 $194,664 20 21 Q1 $5.909 $420,000 Q2 $49,159 $450,000 Q3 04 $55.968 $89.449 $600,000 $840,000 Cash Budget 2021 0 Beg Cash 1 Collections 22 Disbursements: 23 DM 24 DL 25 Total OH Costs 26 VSGA 27 FSGA 28 Capital Purchases 29 Interest Expense 30 Tax Expense 31 Change to Cash Balance 32 Trfd (To)/From Savings 33 Loans borrowed (repaid) ($19,653) ($64,000) $204.600 $18,200 $90,000 $0 $0 $6,387 $23,159 $2,000 $24,000 $25,568 $97,750 $187.855. $20,800 $90,000 $330.498 $720 $35.573 $48.913 $136,000 $187,000 $196,725 $249,025 $31,200 $41,600 $90,000 $90.000 $0 $0 $10.020 $18.030 $41,711 $156,449 $253,170 $254,032 $310,000 ($67,000) $248,000 34 35 Ending Cash $49,159 $55,968 $89,449 $5,170 BO x A D E F G . K 6 L 7 Worksheet Beginning Bal Debit Credit 5,909 Adjusting Entries Debit Credit Closing Entries Debit Credit Ending Bal Debit Credit 8 Cash 2,000 210.000 121.927 2,400,000 200,000 480,000 121,927 9 Savings Account 10 Accounts Receivable 11 Inventory 12 Fixed Assets-Mfg 13 Fixed Assets-SG&A 14 Accum Depreciation-Mfg 15 Accum Depreciation-SG&A 16 Accounts Payable 17 Loans Payable 18 Interest Payable 19 Income Tax Payable ) 20 Capital Stock 21 Additional Paid in Capital 22 Retained Earnings 60,000 5,000 53,545 108,831 6.387 300,000 2.500.000 14,904 23 Sales 24 COGS 25 SG&A Expenses 26 Interest Expense 27 Income Tax Expense 28 29 Totals $ 2.939,836 $ 2.939.836 $ 2,580,000 $2,580,000 $ 3,535,595 $ 3,535,595