Francines Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below:

I need help with the red X's. I can't find out what I'm doing wrong. Its an Unadjusted Trial Balance

Project 1: Review of Accounting Cycle [The following information applies to the questions displayed below.] Francine's Fast Deliverles, Inc. (FFD) was organized In December of 2011. It had limited activity In 2011. The resulting balance sheet at the beginning of 2012 Is provided below: Francine's Fast Dellveries, Inc. Balance Sheet at January 1, 2012 Assets: Llabllities: $1,850 Accunts Payable $1,260 Cash Accounts Recelvable Supplles 1150 Stockholders' Equity: 950 Contributed Capltal $2,000 690 Retalned Earnings Total Assets $3,950 Total Liablities & Stk. Equity $3,950 January Transactions for Francine's Fast Deliveries, Inc. (FFD Date 1 Owners Invest $31,000 of additional cash In the business. 2a Supplies are purchased for $1,250 on account. 2b Insurance is pald for 12 months beginning January 1: $8,400 (Record as an asset) 2c Rent Is pald for 3 months beginning In January: $4,650 (Record as an asset) 2d Two employees are hlred. Each employee will be pald $1,780 per month 3 FFD borrows $35,000 from 1st State Bank at 6% annual interest. 6 A delivery van is purchased for cash. Including tax the total cost was $60,000. It will be used for 4 years and will be depreclated monthly using stralght-line wlth no salvage value. A full month of depreclation will be charged In January. 7 $805 of the recelvables from December's sales are collected. 8 $1,008 of the accounts payable from December are pald. 9 Performed services for customers on account. Malled invoices totaling $11,000. 10 Services are performed for cash customers: $7,700. 16 Wages for the first half of the month are pald on January 16: $1,780. The company recelves $4,250 from a customer for an advance order for services to be provided In January and February Collections from customers on account (see January 9 transaction): $4,400 The last 2 weeks wages earned by employees are $890 per employee and will be pald on February 20 25 30a 30b A $1,130 utility bill for January arrived. It is due on February 15. Additional Information for adjusting entries at January 31: a. Supplies on hand on January 31 total $440 b. The company completed 60% of the deliveries for the customer who paid in advance on January 20. C. Interest is accrued for the bank loan. (Assume a full month for the 1st State Bank loan.) d. Record January depreclation. e. Adjust the prepald asset (Rent and Insurance) accounts as needed