Financial Accounting help!!!

AP-8A (O 2 ) Space Shuttle operates chartered shuttle buses between events and nearby hotels. Space Shuttle has already completed most of the transactions for the year and posted them to the general ledger. The following transactions during December 2016 have not yet been prepared. Dec 2 Dec 5 Dec 12 Prepaid $12,000 for one year of insurance in advance. Paid $1,400 cash for regular maintenance on shuttle buses, The owner, Stephen Bugs, withdrew $3,500 cash from the business for personal use. Received $2,200 cash deposit from a customer for future shuttle services. Paid $1,000 to reduce the bank loan, of which $870 was principal and the rest was interest. Received $450 cash from a customer who owed money for previous services. Dec 18 Dec 23 Dec 28 e lournal entries to the general ledger. The chart of accounts is shown below Post the above jou for your reference Account Description Account Account ASSETS Cash 101 Account Description OVINER'S EQUITY Bugs Capital Bugs. Drings come Summary its Receivable Paid Insurance Equipment Armulated Depreciation Equipment REVENUE Service Revenue LABILITIES Aounts Payable Salaries Payable Unearned Revenue Bank Loan EXPENSES Maintenance Expense Depreciation E n 250 Interest Expense Salaries Expense GENERAL LEDGER Account: Cash Date Description 2016 Opening Balance PR DR CR GL No: 101 Balance IDR O CR) 18.500 DA Account Date PR DR C R Accounts Receivable Description Ang Balance GL No: 105 Balance (DR or CR) 3.200 DR E CR DR PR GL No 110 Balance (DR or CRT 0 00 DR Prepaid Insurance Description pening Balance Date 2016 Opening Balance CR DR PR GL Ne 120 Balance (DR OF CRJ 285,000 DA Account Date 2016 Equipment Descripti Opening Balance Description 09 Balance Chapter GL. No: 125 CR CR Ba DR Balance IDRO Equipment 45,000 Account Date 2016 Accumulated Depreciation Description Opening Balance GL No: 209 PR DR CR Balance in OR OCK 5,500 CR Account Date 2016 Accounts Payable Description Opening Balance CR DR Balance PR GL. No: 210 Balance IDR OR CR 0 Account Date 2016 Salaries Payable Description Opening Balance PR DR CR Account: Date 2016 Unearned Revenue Description Opening Balance GL No: 230 Balance IDR 1400 OR Account: Bank Loan Description Opening Balance PR DR CR GL No 250 Balance (DR or CRI 192.550 CR 2016 Account Date 2016 Bugs, Capital Description Opening Balance GL No: 300 PR DR CB Balance IDR of 46,200 CR Account Date 2016 Bugs, Drawings Description Opening Balance GL No: 310 PR DR CR Balance (DR or CR 10,000 DR Balance Income Summary Description 7 Opening Balance Opening Balance Maintenance Expense Description unt: Depreciation Expense Description Opening Balance PR - By Interest Expense Description PR DR CR GL No: 540 Balance (DR or CRI 150 OR 2016 Opening Balance sunt Insurance Expense Description PR DR GL NO: 560 Balance IDR or CR 10000 OR CR 2016 Ocening Balance GL N570 Balance DR or 31000 OR CR Date PR DR Salaries Expense Description Opening Balance Pense Description 2016 from the general Prepare a six-column worksheet, starting with the account balances from the ledger above. Space Shuttle had the following year-end adjustments. Dec 31 Dec 31 Dec 31 Dec 31 Provided $1,500 worth of services to customer who paid in advan One month of insurance worth $1,000 has been used. One month of depreciation is $500. Accrued salaries owed to employees worth $3,370. Adjustments Unadjusted Trial Balance DR CR Adjusted Trial Balance Account Titles / D R CR DR IT the financial statements for Space Shuttle Prepare the fine ayde: St a nd Closing Entre Deconge Record the journal summary method. Po al entries for the adjusting and closing transactions. Use the income hod. Post these entries in the general ledger above from partib ROURNAL Dute Account Title and Explanation Page 2 The Accounting Cycle: Stateme Chapter 6 f) Prepare the post-closing trial balance for Space Shuttle. Account Titles Analysis e accountant for Space Shuttle found that a journal entry entered incorrectly. The account that should have versa. Why wasit this error detected during the prep Matematy wasn't the accou entry back in November had d have been debited was credited a he preparation of trial balances and dited and vice ces and finan