can't figure out this assignment, help would be appreciated, thanks

Entertaining Adventures, which uses the perpetual inventory system, has the following account balances (in alphabetical order) on July 31, 2020 (Click the icon to view the account balances.) Additional data at July 31, 2020: (Click the icon to view the additional data.) Required 1. Record all adjustments and closing entries that would be required on July 31, 2020. 2. Prepare the multi-step income statement and statement of owner's equity for the year ended July 31, 2020, and the classified balance sheet in rep Requirement 1. Record all adjustments and closing entries that would be required on July 31, 2020. Start with the adjusting entries. Create the adjusting journal entry for (a) from the additional data. A physical count of items showed $4,800 of supplies then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit July 31 Record the entry for (b) for the adjustment to inventory. An inventory count showed inventory on hand at July 31, 2020, of $144,000. Journal Entry Date Accounts Debit Credit July 31 Next, you can create the adjusting journal entry for (C) from the additional data. The equipment has an estimated useful life of eight years and is expe entry.) (Round your answer to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit July 31 The last adjusting entry will be for (d) from the additional data. Unearned sales revenue of $7,400 was earned by July 31, 2020. Journal Entry Date Accounts Debit Credit July 31 Now you can begin the closing entries. Begin by closing revenues. Journal Entry Accounts Date Debit Credit July 31 Next close all temporary accounts which normally have a debit balance Journal Entry Date Accounts Debit Credit July 31 Now you can close the net income or net loss Journal Entry Date Accounts Debit Credit July 31 The last closing entry is to close the Withdrawals account Journal Entry Accounts Date Debit Credit July 31 Requirement 2. Prepare the multi-step income statement and statement of owner's equity for the year ended July 31, 2020, and the classified balance sheet in report format as al July 31, 2020. First start with the multi-step income statement (Use a minus sign or parentheses for any losses.) (.) Entertaining Adventures Income Statement For the Year Ended July 31, 2020 Less Nel sales revenue Income or (ass) from operations Other revenues Net income (loss) Now prepare the classified balance sheet in report form. The classified balance sheet differs from the unclassified balance sheet in that it reports totals for current assets and current liabilities, which do not appear on the unclassified balance sheet Entertaining Adventures Balance Sheet July 31, 2020 Assets Current assets Total current assets Property, plant and equipment Total assets Liabilities Current liabilities Total liabilities Owner's equity Total liabilities and owner's equity - X Account balances Additional data - X S 37,000 29.000 Accounts Payable Accounts Receivable Accumulated AmortizationEquipment Cash 66,000 a. A physical count of items showed $4,800 of supplies on hand. (Hint: Use the account Operating Expenses in the adjusting journal entry) b. An inventory count showed inventory on hand at July 31, 2020, of $144,000. C. The equipment has an estimated useful life of eight years and is expected to have no value at the end of its life. (Hint: Use the account Operating Expenses in the adjusting journal entry) d. Unearned sales revenue of $7,400 was earned by July 31, 2020. 8,600 Cost of Goods Sold 691,000 366,400 10,400 194.000 5,600 E. Jones, Capital E. Jones Withdrawals Equipment Interest Earned Inventory Operating Expenses Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Unearned Sales Revenue 145,000 363,000 20,000 42,000 1,051,000 32,000 9,000 Note: For simplicity, all operating expenses have been summarized in the account Operating Expenses