cant figure our what else im missing it says partially correct need help please

int Item er to your answers from Chapter 4, Part 1 to complete this part. n amount box does not require an entry, leave it blank. DATE ACCOUNT POST. REF. DEBIT CREDIT ly 31 / Fees Earned 21,200 Wages Expense 2,940 Office Rent Expense V 2,550 1,375 Equipment Rent Expense Utilities Expense Music Expense 1,215 3,610 Advertising Expense 1,500 Supplies Expense v 925 Insurance Expense 225 Depreciation Expense 50 Miscellaneous Expense 1,855 Peyton Smith, Capital 4,955 TE ACCOUNT POST. REF. DEBIT CREDI 1 Peyton Smith, Capital 1,750 Peyton Smith, Drawing 1,75 back Print Item The adjusted trial balance of PS Music as of July 31, 2019 is shown below: PS Music Adjusted Trial Balance July 31, 2019 Debit Credit Balances Balances Cash 9,945 Accounts Receivable 4,150 Supplies 275 Prepaid Insurance 2,475 Office Equipment 7,500 Accumulated Depreciation-office Equipment 50 Accounts Payable 8,350 Wages Payable 140 Unearned Revenue 3,600 Peyton Smith, Capital 9,000 Peyton Smith, Drawing 1,750 Fees Earned 21,200 Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,550 Advertising Expense 1,500 Check My Work 8 more Check My Wo Print Item Advertising Expense 1,500 Equipment Rent Expense 1,375 Utilities Expense 1,215 Supplies Expense 925 Insurance Expense 225 Depreciation Expense SO Miscellaneous Expense 1,855 42,340 42,340 a. Prepare an income statement for the two months ended July 31, 2019. Enter all amounts as positive number except for any Net Loss. PS Music Income Statement For the Two Months Ended July 31, 2019 Fees Earned 21,200 Expenses: Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,5507 Advertising Expense 1,500 Equipment Rent Expense 1,375 Print Item Utilities Expense 1,215 Supplies Expense 925 Insurance Expense 225 Depreciation Expense 50 Miscellaneous Expense 1,855 Total Expenses 16,245 Net Income S 4,955 b. Prepare a statement of owner's equity for the two months ended July 31, 2019. (Note: Peyton Smith made amount is zero, enter in a "0". PS MUSIC Statement of Owner's Equity For the Two Months Ended July 31, 2019 Peyton Smith, capital, June 1, 2019 0 Investments during the two months 9,000 V Net Income 4,955 13,955 Withdrawals 1,750 Increase in Owner's Equity 12,205 V Peyton Smith, capital, July 31, 2019 12,205 hinh2 na Print Item PS MUSIC Balance Sheet July 31, 2019 Assets Current Assets: Cash 9,945 Accounts Receivable 4,150 Supplies 275 Prepaid Insurance 2,475 Total Current Assets 16,845 Property, plant and Equipment Office Equipment 7,500 Less Accumulated Depreciation 50 Total Property, Piant and Equipment 7,450 Total Assets 24,295 Liabilities Current Liabilities: Accounts Payable 8,350 Wages Payable 140 Check My Workmore Check My Work uses remaining All work saved Continuing Problem Chapter 4-Instruction 1 The adjusted til balance of PS Muskeas of July 31, 2019 is shown belong PS Music Adjusted Trial Balance July 31, 2019 Debit Credit Balances Balances Cash 9,945 Check My Work 8 mors Check My Work uses remaining Email Instructor Save and Submit Assignment for Grad Printem b. Prepare a statement of owner's equity for the two months ended uy 31, 2019. (Note: Peyton Smith made investments Music on 1 an 1, 2010) amount is zero, enter in a "0" Statement Owners Equity Parthe Month July 2014 Peyton Smith, Capital, June 1, 2019 Investments during the two months Net Income 9,000 4,955 13,955 withdrawals 1,750 Increase in Owner's Equity 12, 205 Peyton Smith, capital, July 31, 2019 12.205 Prane a balance sheet of 31, 2019 PS MUSIC Balance Sheet July 31, 2019 Assets Current Assets: Cash 9,945 Accounts Receivable 4,150 Supplies 275 Prepaid Insurance 2,475 Total Current Assets 16,845 Property, plant and Equipment: Office Equipment Less Accumulated Depreciation 7,500 SO Total Property, Plant and Equipment 7,450 24,295 Total Assets Liabilities Current Liabilities Accounts Payable 8,350 140 Wages Payable Previous Woo Check My Work uses remaining Total Current Assets 16,845 Property, Plant and Equipment: Office Equipment 7,500 Less Accumulated Depreciation 50 Total Property, Plant and Equipment 7,450 Total Assets 24,295 Liabilities Current Liabilities: Accounts Payable 8,350 Wages Payable 140 Unearned Revenue 3,600 Total Liabilities 12,090 Owner's Equity 12, 205 Peyton Smith, capital 24,295 Total Liabilities and Owner's Equity Feedback Check My Work Correct